Stating the Facts About Real Estate

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Stating the Facts About Real Estate

Buying real estate can be a really good investment. There are a few different approaches you can take. Many people choose to simply buy themselves a home and pay into the mortgage over time, building equity. You could also buy an apartment community or a couple of homes to rent out, profiting from the rent, and then profiting again when you sell the homes. Regardless of which approach you take, it is important to know the facts. This blog is a good place to find them! We state the facts on real estate, and we cover a wide range of topics for your benefit.


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3 Essential Things To Know When Getting A Home Inspection

Finding ways to protect yourself when buying a house is a crucial step in the home-buying process, but how do you accomplish this goal? One option you have is by having the house inspected before you buy it. If you want to do this, here are three essential things you should know about home inspections when purchasing a house.

You Will Have No Recourse Unless You Include a Contingency

One of the most important things you should know is how to add a home inspection contingency to your purchase offer. A purchase offer is a contract you write and submit to the seller of a house. On this contract, you can include all kinds of details, conditions, and requests, including a home inspection contingency.

Adding a home inspection contingency gives you the following rights:

  • To get the house inspected by an inspection company of your choice
  • To back out of buying the house if the report includes negative information about the home that you did not know
  • To renegotiate with the seller if the report reveals undisclosed issues

If you want protection when buying a house, add an inspection contingency. Your agent will assist you with the wording in it, so it fully protects you in the deal.

You or Your Agent Should Attend

When the time comes for the inspection to occur, you or your agent should be there. You have the legal right to walk through the home with the inspector as he or she evaluates the home. While it is better for you to be there, you should have your agent attend if you cannot make it.

You Should Follow Through With Further Inspections if Necessary

If the information the inspector provides does not answer all the questions you have about a specific flaw with the home, you could hire another inspector to evaluate the issue. For example, if you find out there is a potential problem with the plumbing system, hire a plumber to assess it. If there is a problem with the electrical system, hire an electrician.

As a buyer of a home, you have the legal right to ask for a home inspection. Getting one will offer more confidence in your purchase or will help you protect you by helping you see the issues a house has before you buy it. To hire an inspector or learn more about the services offered, contact your local real estate agent.

Reach out to a company like Home Inspection Associate for more information.