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.

Keys to Real Estate Success in 2021

GETTING MAXIMUM FINANCIAL RESULTS FROM PROPERTY OWNERSHIP

The economy of 2020 was driven largely by emotions, namely hysteria and irrational exuberance. The year 2021 shall undoubtedly be just as emotional based, with higher doses of exasperation as the calendar flip does not magically make man-made problems go away. The key to real estate success is to first ensure that the business frame of mind is fortified, then positive intentions set to take advantage of cascading crises, turning lemons into lemonade. | Blog Video

Someone who is financially rich is an owner, not just a consumer. They always pay attention to ROI return on investment, not just personal utility and enjoyment. Business sense, work ethic, mission, propose and goals are the foundation of real estate success. Long terms results come from long-term thinking. Mindset makes wealth, and the wrong mindset can keep us from wealth.

The biggest mistakes come from being desperate, scared, rushing toward something out of fear. Virtuous ambition is a huge positive, while base greed is a move towards major mistakes — panic and mindless actions lead to huge mistakes, such as buying into con artists and fraudsters. Be extra cautious when the prospect of quick money rears its greedy head. Trusting a friend of a friend to find lucrative deals is best viewed with skepticism. The majority of super successful people have made it incrementally, because one’s character must be built while the fortune is built. A lack of character and wisdom causes the wealth to be lost. A house of cards built overnight collapses quickly, but a real estate empire built slowly on a strong foundation can last for centuries.

Trading time for money is OK for those just getting started, but much greater wealth comes from being focused on growing ownership of productive assets that provide income for a lifetime. Savings accounts, investment accounts lead to compounding interest, a magical function of wealth creation, an income for life without working.

Putting all eggs in one basket is too risky for most of us. Losses are a necessary part of learning, part of the success process, but most people need diversification to prevent massive, unacceptable losses.

Creativity and resourcefulness can make up for a lack of initial investment funds. Provide innovative solutions to those who have money. Execute on ideas. Adjust and improvise while on the path of success.

Market crashes offer some of the greatest opportunities to get into great deals and to create massive wealth. Nearly 100% of bear markets lead nearly 100% of the time to huge bull markets. Because public attitudes and discourse are not on the right track for success, the real estate markets takes years to unwind, and we’ve not yet seen any substantial capitulation in the stock markets, we can expect mostly increasing bear markets in 2021, to be slowly replaced by growing patches of bull market booms. Success in 2021 requires a mindset like a calm island in a stormy sea. Foresight of exploding technologies can be a great pairing with real estate. Bitcoin shall continue to be a better pure investment move than real estate for many more years. Enjoy the process. No matter what, it really is about the journey.

Check out 15 things that poor people do that rich people don’t.

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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
A Monte Carlo mansion and yacht exemplifies one idea of real estate success.

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.