inspection: What is so involved about my home inspection?
- 02/08/16 03:03 AM
Dear TZ, I am buying a home and I'm getting a Home Inspection. But the inspector said I need a termite inspector, radon test and a tank sweep. Are those required? Why do I need all that? Buyer Bill
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Dear Bill, In New Jersey it is not required to get a home inspection, but doing so is highly recommended for several reasons. Firstly, your home inspector (who must be state certified) will inspect and tell you about the major systems in the home - think electrical, heat, AC, etc... He or she will let you know if the systems are in working condition, nearing the end … (11 comments)
inspection: How do I get a CCO in Clark?
- 02/13/14 02:05 AM
A CCO, or Certificate of Continued Occupancy, is required in many areas of New Jersey and elsewhere before the title of any real property can be exchanged. When you sell your home, it's important to know what your town requires for a CCO. To obtain a CCO in Clark, you'll need to fill out the application which can be found here. If you are selling your home with the assistance of a full service Realtor, he or she will likely file this for you, but if you are selling FSBO, then you'll need to do this yourself. Once the application and … (1 comments)
inspection: Charlotte Area Sellers Need To Prepare Their Homes For Inspections
- 01/18/14 10:05 PM
Nervous buyers have a tough time with inspection reports - every little thing makes them shake. If sellers would check off the items on this list, the inspection report will be as clean as possible. None of these suggestions hide actual defects in the property - all they do is eliminate the small things that inspectors will write in their reports and will cause nervous buyers to shake in their shoes! Nina Hollander hits it out of the ballpark with this one - please go to her original blog to leave comments if you're so moved. Charlotte Area Sellers Need To … (1 comments)
inspection: Christmas Plumbing Nightmare on the Home We've Owned for 36 Hours!
- 12/25/13 11:38 PM
We received a frantic text message at 7:30 am on Christmas morning from the couple that closed on their home on the 23rd. "Help! When we run the upstairs shower, there's water leaking through the ceiling of the downstairs bedroom!"
These are first time homeowners. We had celebrated with them not 2 days earlier. And now they had no idea how to handle a plumbing nightmare. We gave them the names of some plumbers and told them to shut the water off. Don't use that shower, we told them. "Is the Seller responsible for this?" they asked us. Not … (10 comments)
This morning one of our buyer's had scheduled their home inspection so I arrived 10 minutes before our appointment time. The inspector was already in the driveway and putting a ladder back on to his truck. I went over to the inspector and introduced myself. The inspector told me that he had inspected the house a month earlier (for another buyer whose deal fell through) and was looking to see what repairs the owner had actually made. A few minutes later our buyer arrived and they began the inspection. Fortunately for our buyers the owner did … (1 comments)
inspection: Dear TZ - What happens after the Home Inspection?
- 06/01/12 12:51 AM
Dear TZ, We found the perfect house! It's exactly what we want, and we can afford it. We made an offer and it was accepted! Our lawyer told us to have a home inspection, and the inspection report came back with some problems. The roof is old and needs to be replaced, and some of the plumbing is corroded. What do we do? Ivana Homenow
Dear Ivana, First thing you'll want to do is go over the home inspector's report. Speak to your home inspector if you have questions. Then you'll want to discuss what your options are with … (1 comments)
inspection: Applying for a 203(k) loan
- 04/16/12 01:28 AM
So you've decided to apply for a 203(k) loan. Here are the steps in applying for your loan and completing your property rehabilitiation. Step 1 - Choose your property. Step 2 - Preliminary Feasibility Analysis. Once you've chosen a property, you and your real estate professional will make a marketability analysis which includes the extent of the rehabilitation work required, a rough cost estimate of the work, and the expected market value of the property after completion of the work. Step 3- Execute a Sales Contract including a contingency upon the loan approval of your Section 203(k) financing. Step 4 - Select your Mortgage Lender. Call your HUD Field Office … (2 comments)
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