11 Reasons Why Home Sellers Fail Their Inspections

How to Pass a General Home Inspection #homeinspection | Blog Video

While homebuyers are as individual as the homes they plan on purchasing, one thing they share is a desire to ensure that the home they will call their own is as good beneath the surface as it appears to be.

A home should have a minimum of 100 amps service, and this should be clearly marked. Wire should be copper or aluminum. Home inspectors will look at octopus plugs as indicative of inadequate circuits and a potential fire hazard.
Will the roof end up leaking? Is the wiring safe? What about the plumbing?

If you hear the sound of running water, it indicates that the pipes are undersized. If the water appears dirty when first turned on at the faucet, this is a good indication that the pipes are rusting, which can result in severe water quality problems.

Insufficient insulation, and an inadequate or a poorly functioning heating system, are the most common causes of poor heating. While an adequately clean furnace, without rust on the heat exchanger, usually has life left in it, an inspector will be asking and checking to see if your furnace is over its typical life span of 15-25 yrs. For a forced air gas system, a heat exchanger will come under particular scrutiny since one that is cracked can emit deadly carbon monoxide into the home. These heat exchangers must be replaced if damaged – they cannot be repaired.

These, and others, are the questions that the buyers looking at your home will seek professional help to answer.

According to industry experts, there are at least 33 physical problems that will come under scrutiny during a home inspec- tion. We’ve identified the 11 most common of these and, if not iden- tified and dealt with, any of these 11 items could cost you dearly in terms of repair.
An inspector will check your walls for a powdery white mineral deposit a few inches off the floor, and will look to see if you feel secure enough to store things right on your basement floor. A mildew odor is almost impossible to eliminate, and an inspector will certainly be conscious of it.

In most cases, the home seller can make a reasonable pre-inspection in advance if they know what to look for. And knowing what you’re looking for can help you prevent little problems from growing into costly and unmanageable ones.

According to industry experts, there are over 33 physical problems that will come under scrutiny during a home inspection when your home is for sale. A new report has been prepared which identifies the most common of these problems, and what you should know about them before you list your home for sale.

Whether you own an old home or a brand new one, there are a number of things that can fall short of requirements during a home inspection. If not identified and dealt with, any of these 11 items could cost you dearly in terms of repair. That’s why it’s critical that you read this report before you list your home. If you wait until the building inspector flags these issues for you, you will almost certainly experience costly delays in the close of your home sale or, worse, turn prospective buyers away altogether.

In most cases, you can make a reasonable pre-inspection yourself if you know what you’re looking for. And knowing what you’re looking for can help you prevent little problems from growing into costly and unmanageable ones.

To help homesellers deal with this issue before their home is listed, a FREE report entitled “11 Things You Need to Know to Pass Your Home Inspection” has been compiled which explains the issues involved.

Order this report NOW to learn how to ensure a home inspection doesn’t cost you the sale of your home. Fill out the online form: | LOFT INSPECTORS LIST REQUEST

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Cancelled Escrow – How Can Home Buyers and Sellers Prevent Expensive Mistakes?

VIDEO

A buyer of a Los Angeles 4-plex just changed her mind and cancelled escrow. Everyone is different, but we know from experience that cancelling escrow is almost always a mistake for those who really want to buy a property. Besides the fact that the 4-plex would have soon generated more than $10,000 dollars per month of revenue for her (allowing for a more comfortable retirement), here’s why cancelling is a mistake, how to overcome and prevent real estate failures:

More than 90% of escrows result in successful transactions.  That’s a pretty good chance of success, but it’s expensive and frustrating for those who end up in the failing 10%. Los Angeles loft specialist Corey Chambers says about his home buyer clients, “I’m amazed and proud to realize that 100% of buyers who have completed escrow have been happy and satisfied with their purchase in the last 10 years.” He adds, “Sadly, the few buyers who have cancelled escrows have had greatly reduced odds of a successful home purchase success in the near future.” The statistics are stark — Of buyers who cancel, their odds of promptly moving on to a successful purchase drop dramatically: an 80% failure rate in 6 months.  The good news is that there is a solution for every challenge. | Blog Video

The L.A. Loft Blog has done some extensive research, studying those buyers who have cancelled. After interviews of most successful agents in Los Angeles on the topic, below is presented a list of 3 steps to take to get the best results for buyer who’ve cancelled escrow or are unsure of what to do:

 1. Stop searching for a period of time. Later, the buyers should meet again with their agent for a brief buyer consultation to make significant changes in criteria and expectations, firming up wants and needs.

2. Look at smaller, cheaper or more temporary residences, stepping-stone residence. Make several trips to the property to spend extra time inside and out during different times of the day and night. Then, place an offer that makes financial sense.

3. Be 100% enrolled, with a firm buying decision on a property before opening escrow.

Based on what cancelled buyers have reported, and accounting for the changing property market, home buyers must adjust their thinking and their plans to confirm to the limited realities of the real estate market. An excellent home (or vital stepping stone to the ideal dream home) can be obtained when accomplished using a slightly enhanced philosophy.

Buyers can improve their success dramatically by making a firm decision BEFORE going into escrow, and before the general home inspection.  The inspection is recommended for valuable discovery and legal protections.  Buyers should not rely on the inspection as the primary determination method.  In California, it’s relatively easy for buyers to cancel, and more difficult for sellers to cancel escrow. Failure is expensive and frustrating for both. Buyers and sellers should double check to ensure that the buyer is already 100% enrolled in the purchase before escrow opens and before the inspection. | 11 HOME INSPECTION TRAPS TO AVOID

This should help to save time, money and stress in Los Angeles home purchase endeavors.

6 Mistakes to Avoid in DTLAFREE Special Report. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit CoreyChambers.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.