7 Things Your Home Inspector Wishes You Knew

home inspection

A home inspector can make or break a sale for both sellers and buyers. It’s why, no matter whether you’re buying or selling, the home inspection process can be somewhat terrifying!

For sellers, it’s a stark reminder of the nagging issues you might have turned a blind eye to over the years. And for buyers, it’s a recipe for pure heartbreak—falling in love with a home that might just end up making no sense to buy.

But don’t let the inspection stress you out. And remember, that’s not what your home inspector wants either—all he or she wants is a comprehensive to-do list and a happy client.

So form a team with your home inspector to make the process easier and more effective. Knowledge is key! Here are seven essential things you keep in mind.

Home inspector tips for sellers

1. Move your pets

We know your puppy is adorable—but even if your home inspector loves dogs or cats, pets running underfoot makes the job much more difficult.

Inspections often require opening exterior doors again and again, offering pets far too many opportunities to dash to freedom. When you leave the premises for the inspection—and many inspectors ask sellers to do so—take your pets with you. Please.

With animals out of the way, “every time I walk in or out, I don’t have to worry about losing a cat or a dog,” says Alan Singer of Sterling Home Inspections in Armonk, NY.

2. Don’t forget to clean

Whether you plan on being there for the inspection or not, make sure to clean up beforehand. No, you don’t need to scrub—an inspector won’t ding you because your stove’s grimy. But all that clutter? Yeah, that’s all got to go.

“It makes a huge difference when I walk into a house where everything’s put away,” Singer says. “It’s a game changer not just for me, but for the home buyer.”

Often, the inspection is the first time the buyers are (almost) alone in the house for an extended period of time.

“If it doesn’t feel like how it did before—if we’re trying to dig through items—it can sour their experience,” Singer says.

Home inspector tips for buyers

1. Your potential home will have problems

Your home inspector will likely come up with a seemingly endless list of problems after the walk-through. Don’t panic!

“I’m on their side, but still, I’m judging the house fairly,” Singer says. “Even my home has problems, issues, maintenance things.”

Yeah, there are times when you should worry (we’ll get to those a bit later). But not every issue is mission-critical, and your inspector will know which problems you should tackle first.

2. Almost anything can be fixed

There are a few starkly frightening home inspection terms that seem to be in everyone’s vocabulary: mold, radon, and asbestos.

And yes, they’re scary—but no scarier than a roof that needs replacing, home inspectors say.

“People who write articles tend to scare homeowners about mold or radon,” Singer says.

So let us—your humble (and rather defensive) writers—take a moment to correct that assumption: Don’t worry so much about mold and radon!

Singer, who started his career in homebuilding, says, “everything is upgradable, fixable, or replaceable. You just need to have a list of what those things are.”

Not convinced yet? Check out this Washington Post article about a couple who got a discount on a four-bedroom Colonial because they weren’t terrified by mold.

3. One thing you should worry about is water

Here’s one problem we give you permission to stress out about (just a little): water. No, it’s not a deal breaker (remember that part where we wrote almost anything can be fixed?). But it’s important to address any water-related issues before the deal closes—or at least immediately afterward.

Make a note of issues such as puddles and leaky ceilings. And give special attention to the basement. Addressing water problems in the basement can be an expensive and difficult proposition, Singer says. “A wet basement can be hard to fix.”

4. Home inspectors can’t predict the future

You might want to know how many more years the roof will hold up—and while your inspector might be able to give you a rough estimate, he can’t give you a precise timeline.

“People think that we as inspectors have a crystal ball,” Singer says. “Or that we have X-ray vision” to see through walls or examine the inner circuitry of your kitchen stove.

Sorry, folks: They don’t, and they can’t.

“We can’t tell you how long it will last,” Singer says. “We can just tell you if it’s in good shape.”

5. Find the balance between your heart and brain

It’s easy to forget your love for the home when you’re counting the dollar signs and hours you might have to spend on repairs. But just remember to take a deep breath, think rationally, and consider whether it’s a smart investment in your future.

Singer empathizes: “The justification can sometimes be a horrible process because our brains are all about money and time and (asking) ‘What kind of mistake am I making?’”

Barring any major renovations needed—such as a new roof or mold removal—your inspector’s visit will simply provide a to-do list. But not everything needs fixing immediately, so don’t let a long list dampen your love for the home. Just take things one at a time.

7 Promising Signs the Home You’re Buying Will Have Good Resale Value

home buying good resale value

By Jamie Wiebe

While it might seem premature to think about selling a home before you even buy it, it’s important to remember that a house is an investment. And in an ideal world, investments make money—not lose it.

That’s why resale value should be an important consideration when house hunting. No, it shouldn’t supersede your must-have requirements (if you demand 20 acres and lakefront access, prioritize that). But if you do your best to predict how the house you’re buying—and the neighborhood it’s in—will appeal to future buyers, then future-you will be a whole lot happier. And possibly richer.

Considering resale value “also saves the buyers a lot of money, as they will not need to spend big on renovations or updates,” says real estate agent Lukasz Kukwa.

But one caveat: Good resale value is never a promise.

“It is almost impossible to guarantee that a home will retain its full resale value, as the local market and economic factors have a large effect on the housing market,” Kukwa says.

In short: Resale value is anybody’s guess if the economy tanks. But there are some indicators to watch for that could be the difference between barely squeaking by or coming out ahead. As you hit the house-hunting trail, look for these promising signs that suggest your investment will be a smart one.

1. The neighborhood’s hopping…

Pay attention to your surroundings when house hunting. Is the neighborhood walkable? Or is a trip to the grocery store so onerous it requires snacks for the road? Meanwhile, are there restaurants nearby for those nights you simply just can’t?

“If you buy in an area that is not well-developed and doesn’t have good infrastructure—like shopping close by—you will not have a high rate of return on the home,” says Realtor® Patricia Vosburgh.

“The more amenities, the higher chances the home will sell faster and for more money,” she explains.

Even if there are development plans in the works, don’t bank on that to prop up property values; construction can stall or be scrapped entirely. When calculating your home’s future worth, focus on what exists now.

2. … but the street itself is quiet

Buying a home is a study in contrasts: You want a gorgeous kitchen—and good delivery options, too. You need five bedrooms—and a decent hotel around the corner because no way is your mother-in-law staying with you. You want things to be hopping—but not in your backyard.

“We advise against buying on a busy street or purchasing a home surrounded by commercial properties nearby,” Vosburgh says.

Not that there aren’t buyers—possibly even you—who love living in the middle of the action. But before you buy the bungalow next to your favorite watering hole, consider that future buyers might not be so keen.

3. The home’s systems are in good shape

Many people consider return on investment to be the sum of a simple calculation: Will the home sell for more than you paid?

But it’s a little more complex than that. You have to factor in how much you’ll spend on the home while living there—even if the market becomes red-hot. And if the home’s vital components are falling apart, you’ll be spending a lot.

Your inspector can give you a rundown of your future home’s health, but keep a close eye on the roof, water heater, HVAC system, windows, and foundation. Pay attention to the plumbing and electrical, too. A problem with any one of these major systems can require a costly repair—and take a bite out of your payday.

“When these items are new or in good standing, that’s a great sign,” Kukwa says.

4. The schools are great

If you’re child-free, this one might seem entirely irrelevant. But a word to the wise: If you think you might someday sell your home, you’ll want to factor in the school district before you buy.

“Even if buyers personally don’t have children, for resale it is imperative that they buy in a great school zone,” Vosburgh says. (You can check school ratings at GreatSchools.org.)

Just make sure to do your research and determine where the home sits in relation to the school district boundaries.

“Often agents will advertise a property as being near such-and-such school area, but not necessarily specify the district, which can be very confusing,” explains Tina Maraj, a Realtor with Re/Max North Orange County in Fullerton, CA. “It can be a real eye-opener if a buyer closes and they’re on one side of a main street that is the dividing line between the top-rated and the lowest-rated high schools.”

5. The light is inspiring

“Any apartment in any neighborhood that has good light will sell—and will always sell,” says New York City broker Noemi Bitterman.

With good light, “there is always a good feeling—a feeling of embracing and belonging,” she continues. “When [a home] is dark, no matter how nice and new it is, it doesn’t feel inviting, it takes a much longer time to sell, and the price reflects the lack of light.”

Whether you’re shopping for a condo, apartment, or house, visit the property at different times of the day to see how the light affects the space.

6. The floor plan is family-friendly

Again? asks the child-free reader. Must all my housing decisions be dictated by families? No. But if you’re hoping to sell that home for a profit down the road, you should keep kid-friendliness in mind.

“Look for a home with a floor plan that will appeal to families,” says broker Kris Lindahl. That means at least three—if not four—bedrooms on the same level, an open concept kitchen, and at least one bathtub.

And always pay attention to the number of bathrooms. You want “enough to avoid fights in the morning,” Lindahl says.

On a related note: No matter how much you love that gloriously unique Frank Lloyd Wright spiral house, it’s often best to stick to a more traditional floor plan if you’re worried about selling later.

“Buying a home that is too quirky or has very untraditional features can result in a decreased ROI and smaller pool of potential buyers in the future,” Kukwa says.

7. The community is restrictive

Homeowners associations can be a pain in the butt—the irritating restrictions, the monotonous meetings, the monthly dues that you’re not always sure you can account for.

But an HOA can actually be helpful, at least when it comes to resale value. That’s because HOAs usually keep everyone in line, preventing your neighbors from letting weeds take over their lawn, painting their houses bright pink, or permanently parking an RV in the middle of your street—all things that could ding the value of your home.

Of course, purchasing an HOA-regulated home isn’t for everyone. But if you’re seriously concerned about the resale value of your new home, covenants and restrictions could keep you flush.

Wendy Helfenbaum contributed to this story.

Does Home Disclosure Have to Include Previous Repairs?

previous home repair

By: Jeanne Sager

Home repairs are part and parcel of home ownership, but when it comes time to sell, does a home disclosure have to include those repairs?

It can be a conundrum. Buyers want (and deserve to have) a full picture of the house they’re buying and the condition it is in. However, disclosing a previous home repair may actually turn off a potential buyer. A foundation that’s had repairs for leaks several times over in recent years, for example, may signal to the buyer that they could have a major water problem on their hands. Both legal and ethical considerations come into play when you’re debating whether or not to ‘fess up to a previous repair. So let’s dig in!

What do you have to disclose to the seller?

Federal seller disclosure laws require sellers to be open and honest about the existence of lead-based paint in a home, but most laws regarding what a seller must share with a buyer are made at the state level. That means your state may or may not require that you disclose a previous repair, says Kathryn Bishop, a Realtor® with Keller Williams in Studio City, CA. To find out the laws in your state, do a search online for “[your state] seller disclosure laws.”

Does home disclosure include a previous repair?

In Bishop’s home state of California, law dictates that every significant repair made since purchasing a property needs to be disclosed. Your real estate agent will be able to advise you on what regulations must be followed in your state, so it’s best to disclose a previous repair to them at your first meeting about the sale. And note there are some exceptions to the law. You don’t have to share every single fix made in all the years you’ve lived in a house—just the big ones.

“I don’t mean when you’ve changed a faucet washer,” Bishop clarifies. “I mean when you had to repair a plumbing break.”

Nor do you technically have to disclose work done by the previous owner, even if they disclosed it to you. That said, many experts advise that sellers share that information too.

Because they might very well find out on their own, anyway. During the home inspection phase, buyers may request a copy of your Comprehensive Loss Underwriting Exchange (CLUE) report—a free report that details every claim made to your homeowner’s insurance in the past seven years. And even if you paid for a repair without the help of insurance, an eagle-eyed home inspector may note fresh paint on a ceiling repaired after a plumbing leak or start asking why the hot water heater, furnace, and other basement appliances seem to be brand new. Failing to disclose any of these things could put you in serious legal trouble.

The ethical side of seller disclosure

Even when disclosure isn’t required by law, or a project was done by a previous owner, Bishop still discusses disclosure with her clients. After all, you don’t want the seller caught by surprise with an issue that preceded your homeownership.

“If the previous owner disclosed in writing that they had a serious case of mold and it’s been cleaned up, I will advise my client who is now selling to pull out those old papers and disclose,” she says. “We know that what typically happens is the new buyer moves in, and the next-door neighbor asks if the mold has been cleaned up!”

The ways seller disclosure helps you

If following the law and being ethical aren’t reasons enough to disclose a previous repair, there’s are other benefits to doing so, says Michele Lerner, author of “Homebuying: Tough Times, First Time, Any Time.” Among them:

  • Buyers might prefer negotiating with sellers who have proven they are upfront with information about their home, as opposed to those who are just spinning everything to attract buyers.
  • Buyers want to know that sellers have maintained their property appropriately, so providing an example of your diligence in repairing your bathroom and fixing your ceiling can have a positive impact.
  • Your disclosure can protect you from future disputes with the buyers.
  • Buyers may feel relieved that you have already made necessary repairs, since that becomes one project they don’t have to handle in the immediate future.

 

Steps to Buy a House: How Long Do They Take?

buying

By: Jamie Wiebe

Homes aren’t impulse purchases. It takes time to sift through listings and make your way from one home showing to the next; then, of course, there are those agonizing hours you wait to find out if your offer on a house was accepted, whether you can secure financing, and any number of other holdups.

Just so you’re prepared to play the waiting game, here are the steps to buy a house and how long they typically take, so you aren’t sitting there holding your breath and wondering if something’s up.

How long does it take to find a real estate agent?

Answer: A couple of days to a few weeks

Your real estate agent should be your most trusted consultant during the home-buying process. Don’t skimp on the search—even if you’re in a rush.

“The home-buying process is a complicated one, and the chosen agent must be the person who can best relay each step of the process in a way that will be understandable and reassuring to the homeowner,” says Diane Henderson, a Realtor® with McEnearney Associates in Alexandria, VA.

“Find the Realtor that ‘fits’ you,” she adds. “The whole process will go a lot more smoothly.”

Not sure where to find this special person? Head to realtor.com®‘s Find a REALTOR online tool to locate Realtors in your area.

How long does it take to get approved for a mortgage?

Answer: At least two weeks

Getting approved (or pre-approved) for a mortgage is no simple process. Lenders need to examine your documentation, review your financial information, and reconcile any problems. So even if all your documents are in order and you’re a stellar candidate, expect to wait two weeks or more to find out if you got the green light.

How long does a showing take?

Answer: 30 minutes to an hour

This one is largely up to you. A showing could be as quick as five minutes if you immediately decide you don’t like the property. But if you are interested, odds are you will take your time, poking your head into every closet and turning on every faucet.

That said, odds are you will know a home is The One surprisingly soon: One study found buyers spend an average of just 17 minutes inside a property before deciding to buy it.

Still, it’s essential to buy a home with your head as well as your heart, so go ahead and take your time to thoroughly vet every corner.

How long does it take for an offer to be accepted?

Answer: Less than three days

Unlike on “Property Brothers,” where offers are always accepted in a flash, the real world takes a bit more time. You may be tapping your toes in anticipation, but sellers have some leeway when responding to an offer. They have three options, each of which needs to be mulled over: Whether to accept your offer outright, counter it, or reject it.

Expect to hear back within three days (but hopefully sooner). Foreclosures are exceptions; banks might take up to 10 days to respond.

How long does a home inspection take?

Answer: Two to three hours for the inspection, then 48 hours for the results

Buyers should attend the home inspection, but be prepared for it to take a while. Inspections typically take about two to three hours—enough time for your inspector to examine the foundation, structure, fireplace, and other common problem spots. Don’t be afraid to ask questions, even if it means taking 30 more minutes.

“This is the best time to investigate your new home,” says Jeff Knox, the owner of Knox & Associates in Dallas. “After all, you have a licensed home inspector by your side. Nothing in the house is off-limits during your home inspection.”

Once the inspection is completed, expect to see a report in two days. When you have it in hand, you can work with the sellers to determine if any changes need to be made before closing.

How long does an appraisal take?

Answer: Up to two weeks

Like a home inspection, the appraiser—the professional who estimates the home’s value on behalf of your lender—might spend a few hours examining the property (and this time, your presence isn’t necessary). After viewing the house, the appraiser will examine comparable homes in the neighborhood (“comps”) and look through the neighborhood.

Because their prepared report can be quite comprehensive, sometimes reaching a hundred pages or more, its composition can take some time. Expect your lender to receive the report within two weeks.

How long does it take to close on a home?

Answer: 50 days

Home closing times are lengthening, currently averaging 50 days. Yes, it’s a pain. No one wants to wait more than a month to take possession of their new home, but don’t rush due diligence. Your lender will have a number of requirements, including providing paperwork like tax returns, before underwriting is complete. You can expedite this process (slightly) by having necessary documents prepared in advance.

What Does a Home Inspector Look For? A Whole Lot

home inspectors