Lake Ridge Virginia Real Estate Help For Sellers and Buyers: March 2009

If I Buy A Foreclosure And The Bank Won't Fix Anything. Should You Do A Home Inspection?

Home Inspections can save you the buyer a lot of money in the long run,and a lot less unexpected problems. In todays real estate market so many of the homes buyers have to select from are foreclosed homes and distressed properties where sellers have no disposable income to fix unexpected issues that arise.

Regarless of whether your offer is contingent upon a home inspection or not, I will always recommend a home inspection 99% of the time. Buying a home is the most expensive investment most of us will ever make and it pays to pay attention to the details. As your Realtor it is my job to coach you on your options and guide you through the process of buying and selling a home. When it's time to order the home inspection, sometimes the listing agent will order the home be de-winterized if its a Foreclosed Home. ( they give the order for water, electric and gas to be turned on for the inspection process).

Notice all the cards on that counter. Well this buyer  was nervous since she went into a bidding war within the first two days the end unit townhome hit the market. After being bid out on other offers, she finally bid high. This town home was not the best we'd seen, because of all the cosmetic issues but is was the largest in the nicest area. Lucky for her she could see past all the cosmetic things that were wrong with the Foreclosed Property.

The appraisal came in $9000 higher than the sales price!As the norm, most banks will not fix anything. However there have been times when the item is code or a risky item they will make the repair. That is a rarity. This first photo shows a leaking living room sealing. It's an easy fix of caulking around the tub upstairs. However she will have to repair and paint the ceiling below.

leak in ceiling

Next the inspector takes the buyer outside. The home has extensive exterior issues with rotted trim. These are easy to fix however require tall latters and nerves of steel. The cost to repair the exterior is going to run several thosands of dollars.

                                                                                                      

 

 If you need a knowledgeable and experienced home inspector to check out your home give

US Home Inspections

US Home Inspections a call 703-819-8344 or 703-298-1537.

Or contact them for a quote 

 

George or Mick will be happy to assist you.

 Erick and Company Logo

 

 

Peggy James REALTOR® Woodbridge Virginia

" You would want to hire me as your REALTOR®, if you're looking for a high energy, positive, take charge,knowledgeable person that is passionate about helping you get what you want! "

That's me! I'm easy going, and prefer to communicate by email, text and I use the latest technology to not only to stay in touch with you, but to market homes for sale as well and to negotiate.Still not sure I'm the right local professional for you? Check out my LakeRidgeVARealEstateNews blog or head on over to my LakeRidgeVAHomesForSale.com website to learn how I have others just like you sell or buy a home in the local area.

Read Success Stories Here 

To search for home currently Active Sale right now Start Here

The area's I service in Virginia are Lake Ridge, Woodbridge, Manassas. If you live outside these area's let's talk. If you have found my information helpful and you like what you see, chances are if I cannot help you, I know another REALTOR® who can. 

Tip: when reading any blog post, pay close attention to the date post was written as homes sell quickly. Call author for up to date information.     

Do you need help?  Have a question? Contact me now  

Note: This real estate blog is written by me Peggy James and it is is my opinion and may not reflect the opinion of Exit Choice Realty 14067 Crown Ct, Woodbridge Virginia 22193.

I have been blogging since 2008 and I am a full time REALTOR® .

Fair Housing Symbol

 

0 commentsPeggy James • March 30 2009 08:31PM
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