Making the Most of Your Real Estate Agent's Expertise

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Making the Most of Your Real Estate Agent's Expertise

Buying a new home is an exciting experience, but there is a lot that has to be considered if you want to make sure that your investment is a solid one. For example, while it isn’t required, it is a good idea to have your real estate agent hire an independent inspector to have prospective homes personally inspected for safety and condition before making an offer. Learning how your real estate agent can best help you before actually hiring an agent will ensure that the person you work with has the experience and ideas needed to get the results that you want. On this website, you can expect to find out how to find a great real estate agent and how you can best tap into the talents.

When You Want To Purchase A New Home: The Importance Of A House Inspection

When you are interested in a property and you make an offer, it will benefit you to get an inspection done on the property before solidifying the deal. While some people who flip houses may buy a house for cash as is, if you are going to finance your home through a mortgage, a home inspection is likely mandatory to get your mortgage approved. You will learn all kinds of things at the home inspection, from the age of the roof to the condition of your heating system. When you find problems with the property during the home inspection, this can boost negotiating power for you as the buyer to get a better deal on the home.

To Learn of Structural Damage

Structural damage such as damage from termites can be almost impossible to see without a home inspection. The current owner may not even know that there is a problem with termites before your inspector discovers the damage. Depending on the nature of the damage and the extent, you may need to back out of the deal if the homeowner is not willing to come down on their price after learning about the need to repair termite damage.

When the Septic System is Failing

In general, home sellers are responsible for fixing a septic system that has failed. When you find a property that you love and you learn the septic system is not working, this can lead to frustration on both sides of the transaction. The seller may not have the funds for a complete repair, yet is responsible for selling a home with a working septic system. It is important to work with a Realtor when negotiating a septic system repair, as this is expensive and can lead to a complete breakdown of the deal to purchase the home.

When a New Roof is Needed

If you discover a new roof is needed, or something just as expensive such as the boiler needs to be replaced, this can be difficult to negotiate with the seller. If the market is competitive, the buyer may have other offers to consider. When the home needs a new roof, you can try to get a cheaper price on the home, rolling the cost of a new roof into your mortgage. It is important to take a look at the big repairs you may need to complete in the next five years before committing to a property, even if you love it.