A home inspection gives the buyer more detailed information about the overall condition of the home prior to purchase. In a home inspection, a qualified inspector takes an in-depth, unbiased look at your potential new home to:
evaluate the physical confiotion: structure, construction, and mechanical systems;
identify itmes that need to be repaired or replaced; and
estimate the remaining useful life of the major sytems, equipment, structure, and finishes.
Appraisals are Different from Home Inspections
An appraisal is different from a home inspection. Appraisals are for lenders; home inspections are for buyers. An appraisal is required to:
estimate the market value of a house;
make sure that the house meets FHA minimum property standards/requirments; and
make sure that the house is marketable.
FHA Does Not Guarantee the Value or Condition of your Potential New home
If you find problems with your new home after closing. FHA can not give or lend you money for repairs, and FHA can not buy the home back from you.
Be an Informed Buyer
It is your responsibility to be an informed buyer. Be sure that what you buy is satisfactory in every respect. You have the right to carefully examine your potential new home with a qualified home inspector. You may arrange to do so before signing your contract, or may do so after signing the contract as long as your contract states that the sale of the home depends on the inspection.
We have upgraded our systems to include live chat. What this means for you as a customer? You will be able to chat live with the operator and we may be able to answer any questions that you may have in regards to real estate. The operator will be a licensed realtor or an appraiser. Also this means you can check on your appraisal orders, home inspections and realtor appointments, in live time. We are the only company on the internet that offers this service on the internet. We stand behind all of our services. To use the live chat look on the right panel for live chat and the operator on button. Click the operator icon and a chat pop up will appear and start typing.
Last Updated ( Friday, 01 June 2007 )
Why A Buyer Needs A Home Inspection
Written by James Gillen
Saturday, 02 June 2007
Why a Buyer Needs a Home Inspection
A home inspection gives the buyer more detailed information about the overall condition of the home prior to purchase. In a home inspection, a qualified inspector takes an in-depth, unbiased look at your potential new home to:
evaluate the physical confiotion: structure, construction, and mechanical systems;
identify itmes that need to be repaired or replaced; and
estimate the remaining useful life of the major sytems, equipment, structure, and finishes.
Appraisals are Different from Home Inspections
An appraisal is different from a home inspection. Appraisals are for lenders; home inspections are for buyers. An appraisal is required to:
estimate the market value of a house;
make sure that the house meets FHA minimum property standards/requirments; and
make sure that the house is marketable.
FHA Does Not Guarantee the Value or Condition of your Potential New home
If you find problems with your new home after closing. FHA can not give or lend you money for repairs, and FHA can not buy the home back from you.
Be an Informed Buyer
It is your responsibility to be an informed buyer. Be sure that what you buy is satisfactory in every respect. You have the right to carefully examine your potential new home with a qualified home inspector. You may arrange to do so before signing your contract, or may do so after signing the contract as long as your contract states that the sale of the home depends on the inspection.
Last Updated ( Saturday, 02 June 2007 )
Who Pays to Replace a Condo’s Garage Roofs?
Written by James Gillen
Monday, 19 February 2007
Who Pays to Replace a Condo’s Garage Roofs?
By JAY ROMANO
Published: February 16, 2007Q I live in a condominium complex where most units, but not all, come with a garage. The board is planning on levying a special assessment to replace the garages' roofs. Are those of us who do not own garages responsible for this assessment, too? A "It depends entirely on what the condominium's declaration and bylaws provide," said Steven Troup, a Manhattan co-op and condo lawyer. He said that freestanding garages in a condo are typically assigned separate tax lots and are deeded to unit owners. In such a case, it would be likely that garage roof repairs would be the responsibility of only the affected garage owners. But if the garages are attached to the condo buildings, perhaps as a number of bays, they would probably be considered "limited common elements." If that is the case, roof repairs would be the responsibility of all unit owners."The declaration and bylaws would define whether the garages are limited common elements or not," Mr. Troup said. Address questions to Real Estate Q&A, The New York Times, 229 West 43rd Street, New York, N.Y. 10036, or by e-mail to:
Answers can be given only through the column.
Why a Buyer Needs a Home Inspection
