Contracting with a professional home inspector is one of the most important things a buyer can do in the run-up to closing. But though an inspection can reveal essential deficiencies you need to know about, it isn’t foolproof. Here are some critical problems a general inspection may miss and steps you can take to protect… Read more »
Real estate sales contracts in Texas and several other states include a provision known as the active option. Also known as the option period, this provision gives the buyer a designated period to have the property inspected and decide whether to move forward with the purchase. Here’s how an active option contract works. Inspection and… Read more »
Structural engineers assist homebuilders in making sure residences are strongly and safely designed and constructed. They are trained to determine how forces such as gravity, wind, temperature and shifting soil affect buildings. You expect to hire an inspector or perhaps other pros when you buy a house, but do you need to hire a structural… Read more »
Having a home inspection is an integral part of buying a house. But a basic inspection can tell you only so much. When should you bring in specialists for closer scrutiny of a home’s different systems? Big money is on the line, so use this guide to help you make that decision. What an home… Read more »
As a seller, just because you’re under contract doesn’t mean it’s time to relax. It’s a bit like reaching the summit of a mountain. You’re only halfway to the finish line, which in this case is the closing table. The due diligence period, typically the 15 to 30 days following contract signing, is the first… Read more »
Congratulations, you’ve gotten a contract on your house! But wait, someone else makes an even better offer. Can you accept it? Once you sign a contract and earnest money has been paid by the buyer, an enforceable contract is in place. You cannot break it without penalties. The buyer can sue for enforcement of the… Read more »
While inspections are commonplace when buying a home, should you, as the seller, consider having your home “pre-inspected” before listing it? Here are the pros and cons. Knowledge is power. Having your home professionally inspected gives you a clear understanding of its needs before you price it. Setting the right price is widely considered as… Read more »
You’ve found a house you love, made an offer and have a signed contract in hand. Now the clock is ticking. Many states’ sales contracts give a limited period of time to get the house inspected. During this so-called “due diligence period,” is when you want to inspect the house and request anything you want… Read more »
One of the most anxiety producing aspects of selling a home is when the buyer sends the home inspector. As the seller, you don’t want your buyer to get cold feet over the inspection report. Although such nervousness is normal, a little knowledge and preparation will go a long way toward a successful outcome. Fix… Read more »
