Tuesday, March 20, 2012 - 1:36 PM
Since there are so many great sites out there that list tips on buying a house. I will not attempt to build my own list. I found a great one here that says it all, on CNN Money.
What I would like to add, is a few things from an Experienced Home Inspectors view.
1. Try not to get to emotionally attached to the homes you’re looking at. This one was a hard one for me, even as an Inspector. But it cannot be overstated. A home is a HUGE investment, and you cannot allow yourself to become too emotionally attached to a particular home, until the deal is done. Impulse buying works, or there would be no Walmart. But allowing yourself to impulse shop for a house is a recipe of certain disaster.
2. Put aside funds to pay for inspections. It may be (let’s hope it’s not) the case that upon inspection you find some things that cannot be negotiated through. This is rare, but does happen. If that’s the case you may need to inspect more than one home.
3. Expanding upon the instance above, don’t be afraid to walk away. I know, this will not make me any friends with your real estate agent, but it’s a truth. Don’t be afraid to walk away from a deal. This is a buyer’s market, completely, totally and undeniably, a buyer’s market. You’re the buyer. Don’t be afraid to walk away from a bad deal.
4. Don’t let the Inspection process frighten you. I have been inspecting homes since 2008, and the MAJORITY of them come through the Inspection process with Minor defects. Though in the case of REO’s the incidents of major defects is slightly higher, most homes are serviceable, with repairable defects.
5. Don’t spend too much time watching Home and Garden TV. The abundance of TV shows now days make it hard not to find one that interests you. Remember though, the purpose of those TV shows, is to get you to watch their programing. They are not paid to look out for YOUR best interest with YOUR home investment. They are one TV to sell advertisement space, and to get you to watch. If the Home shows were to be believed EVERYONE could “flip a house” in a month and make a fortune. Every home inspected would be falling apart, and there would be “Black Mold” behind every wall and in every basement. Keep in mind that a home remodel show that went something like this would not have a very high viewer rating. “Hello Bob, we are here today to remodel this lovely Victorian. It looks like a $65000 remodel was just completed, and the home is in great shape. So we are just going to go shop for furniture.” Not exactly appealing TV. Don’t let the sensationalized TV home shows slant your views of your new home. Allow an experienced, knowledgeable, and trustworthy Home Inspector help walk through your next home, and base your decisions on facts, not Reality TV.