
Whats New
Nancy David has earned the nationally recognized Short Sale and Foreclosure Resource (SFR) certification. View the press release. She was also awarded membership in the prestigious RE/MAX Executive Club for top producers closing more than $2.5 million in transactions in 2011. View the press release.
Current News
Freddie Mac recently released the results of its Primary Mortgage Market survey showing mortgage rates easing to new all-time record lows for all products covered in the survey, helping to keep homebuyer affordability high. The average rate on a 30-year fixed-rate mortage fell to a record low of 3.89% for the week ending January 12, down from the previous week when it averaged 3.91%. A year ago, the 30-year rate was at 4.71% Read the full article are HARconnect.
Recent Events
RE/MAX ranks highest in customer satisfaction among both home buyers and home sellers in 2011 J.D. Powers & Associates study. Read the press release.
Tips for a Home Inspection
A Home Inspection is Well Worth the Cost
The inspection is not designed to criticize every minor problem or defect in the home. It is intended to report on major damage or serious problems that require repair. Should serious problems be indicated, the inspector will recommend that a structural engineer or other professional inspect it as well.Your home cannot “pass or fail” an inspection, and your inspector will not tell you whether he/she thinks the home is worth the money you are offering. The inspector’s job is to make you aware of repairs that are recommended or necessary.
The seller may be willing to negotiate completion of repairs or a credit for completion of repairs, or you may decide that the home will take too much work and money. A professional inspection will help you make a clear-headed decision. In addition to the overall inspection, you may wish to have separate tests conducted for termites or the presence of radon gas.
In choosing a home inspector, consider one that has been certified as a qualified and experienced member by a trade association.
I recommend buyers being present at the inspection. This is to your advantage. You will be able to clearly understand the inspection report, and know exactly which areas need attention. Plus, you can get answers to many questions, tips for maintenance, and a lot of general information that will help you once you move into your new home. Most important, you will see the home through the eyes of an objective third party.
Questions to Ask a Home Inspector
Most people probably only think of one or two questions to ask a home inspector: “How much is your fee?” and “When can you be there?” But these only scratch the surface.
Here is a list of questions you might ask?
- What types of licenses do you hold?
- What kind of training do you have?
- Do you belong to a professional inspectors' association?
- How long have you been licensed in Texas?
- Are you a full-time home inspector?
- How much do you charge?
- Do you also perform repairs? (If the answer is yes, that may indicate a conflict of interest.)
- What will the inspection include? (Get specifics. It should include the electrical, heating, and central air-conditioning systems, interior plumbing, visible insulation, roof, walls, ceiling, floors, windows, doors, foundation, and visible structure of the house.)
- Do you inspect gas lines, swimming pools, spas, septic systems, and wells? (You can identify other typical systems or items.)
- Do you charge extra for these?
- Do you charge based on the size of the home? Multiple AC units? Other items?
- How much would you charge if I ask for a reinspection after repairs are completed?
- Will you supply a written report? (The inspector should.)
- Can I attend the inspection? The home inspection is an opportunity for you to learn about your new home and ask questions. If the inspector says no, find another inspector.)
- Do you go up on the roof to inspect it?
- How long will the inspection typically take? (Anything less than two hours is not long enough for a thorough inspection.)
- Can I call you with questions that come up later?
- Can you give me names and phone numbers of three people for whom you've inspected homes for recently?
The inspector may not inspect swimming pools, wells, septic tanks, and other systems and items, and many inspectors will not conduct environmental test or wood-destroying insect inspections. You will likely need to arrange for these inspections separately.
You can find a blank copy of the standard inspector report form at www.trec.state.tx.us to give you an idea of what may or may not be covered in the inspection.
For distribution for Texas Realtors®. © 2004 by the Texas Association of REALTORS®. All rights reserved.























