So you
have spent hour upon hour looking through home listings, previewed many homes
and finally you have found one that you want to purchase. That's great! We know how excited you are about finally finding the home of
your dreams. But wait - there is still
a process that has to be followed before you can actually close on your new
home and get moved in and settled.
Part of
the process is the home inspection. It
is very important that you do not bypass the home inspection process. The home inspection can uncover major
defects that you may not be able to see.
In
fact, there are some defects that could keep you from purchasing that property
at all.
• if
your chosen home sits on a fault line
• if
the water supply is contaminated
• if
there is a serious crack in the foundation
• if
the home is located under electro-magnetic power lines
• if
your chosen home is contaminated with radon gas
There
are many things that can put a halt to your dreams. All home inspections come back with defects on them, usually
they only contain minor to cosmetic findings.
It is rare that a home inspection will come back with one of the above
mentioned issues on them but it can and does happen.
So what
should you do if your home inspection comes back with items that are
unfavorable or cannot be changed? Well,
this is the tricky part, it depends on whether or not the defect can be
resolved within reason or at all.
The
first thing you should do if your home inspection comes back with a major
defect on it - then you should ask yourself the following questions:
1. Can the problem be fixed?
2. How much will it cost to fix those problems?
3. Does the problem have to be corrected now or
can it wait a year or two?
4. Is waiting to do the repair going to create
a bigger repair later?
5. Can I roll the repair costs into the
mortgage loan?
6. If not, will the bank approve the loan
without the repairs being completed?
7. Can these things be justified based on my
desire for the home or should I bow out and find another home without the major
defects and hassles that come with it?
If the
home has defects that cannot be resolved, unfortunately, there is nothing you
can do unless you pay cash and sometimes not even then. Consult with your realtor to find out what
your options are for any defects that are uncovered in the home inspection. Your realtor will be able to assist you in
helping to get the issues resolved or perhaps, in their opinion, it might just
be better to search for another, more suitable home for you.
Either
way, your realtor will be your best resource when it comes to a problematic
home inspection report. So take advantage
of your agents years of experience in dealing with home inspection issues.
I
specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia.
I
have over 25 years experience in the real estate industry. As a Broker/Owner with Exit Realty Talbot
and Company, I bring special tools and solutions that enable me to exceed the
expectations of my clientele. If you
are considering listing your property in Loudoun County or the nearby areas, ask
me about our latest internet marketing systems. I would appreciate the opportunity to earn your business. I am experienced in listing and selling
short sales. For information on the
short sale process, please visit www.LoudounShortSaleSolutions.com.
My
past awards and designations include – 2003 President of the Dulles Association
of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the
year 2000 Dulles Area Assoc of Realtors,
Top Producer awards from both the Dulles Area Association and the
Northern Virginia Association of Realtors.
I am a member of the Top 5 in Real Estate Network.
I
have lived in Loudoun County since 1979.
I am married with two grown children and two grandchildren. My son in law is my business partner in real
estate. I love to jog in the mornings
and spend time relaxing on my Trawler during the summer months.
Loudoun County and Northern Virginia Real Estate Sales and
Solutions – Helena Talbot, Broker. I specialize in
helping buyers and sellers invest in real estate in the Northern Virginia area
to include Loudoun County and surrounding areas including Fairfax, Clarke,
Fauquier, Prince William Counties. Our local neighborhoods include Leesburg, Ashburn, Sterling, Potomac
Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club,
Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round
Hill and Bluemont.
Cell 703.727.9885 Office
703.574.3800
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