Items Home Inspectors Are Not Required to Cover During an Inspection

Items Home Inspectors Are Not Required to Cover During an Inspection

It surprises many homeowners or buyers when they first learn about all of the things that a pre-purchase inspection doesn’t cover. This is important because it can greatly impact the financial situation from either side.

Imagine buying a home that you didn’t realize needed a complete chimney repair. How about if you are getting ready to sell your home only to find out it has mold right before closing? With these things in mind, here are 5 more things that standard home inspections don’t include:

Plumbing & Septic

Damages pipes and clogged sewer systems can be major expenses when the problem is serious. Failing to catch it before selling or buying your home can be costly.

HVAC Systems

Not only is this something that can be expensive to repair, an improperly functioning heating or cooling system can make the move-in process miserable.

Pests

Who wants to move into a new home only to discover it is infested with some kind of animal or bug? Bats can be nearly silent and go undiscovered until the smell of their waste becomes noticeable. Without paying for an upgraded inspection or hiring a pest control expert you could find yourself in a similar situation.

Roof Condition

Most inspection guidelines only require the inspector to view high-up objects from the ground level with binoculars. For this reason it is highly unlikely that any minor or possibly even major roof issue would be detected.

Any Non-Visible Items

The inspector will only see what is out in plain sight. Things like electrical wire, insulation, as well as anything on the interior of the structure will never be looked at. That means that anything going on in any of these areas will go unnoticed unless you have specialized inspections.

We Can Help!

To make sure that the home you are buying or selling is in the shape it needs to be in, give us a call here at Bell Law. We’ll oversee your entire real estate transaction to guarantee that all of your best interests are met. We can handle everything from appraisals and contracts to negotiating rate and term. We can provide as little or as much assistance as you need.

Tips to Beat First Time Home Buyer Stress

Tips to Beat First Time Home Buyer Stress

Even though buying your first home should be a cause for celebration, it is frequently challenging to muster up that sort of enthusiasm until the process ends due to the stress. Here’s an encouraging fact, though; it gets much easier after this. Once you have gone through the entire process one time, from start to finish, you will know what to expect with future real estate purchases. But none of that helps you right now with your first home, so here are a few things that will:

Pay Off Other Debts

This one practice alone will do wonders as far as lifting stress and anxiety from you. One of the biggest causes of concern for people buying a home for the first time is the commitment to the mortgage. For most, this is the most significant monthly obligation they have ever taken on and by far the longest. Creating more disposable income goes a long way to alleviating those worries.

Save a Sizeable Down Payment

Something else that will help put your mind at ease regarding payments and financial obligations is putting down a significant amount of money. That will often get you a lower rate, reduced payments, and give you much more flexibility than you would have had otherwise. You will need to start saving sooner than planned to accomplish this.

Stay Within Your Budget

Lastly, it can’t be stressed enough how important it is to stick to your budget. If you think the anxiety and worry that comes from a typical first-time purchase is bad, just imagine how you’ll feel if you end up getting in over your head on price and payments.

To find out even more ways to simplify the process of buying your first home rather than dreading it, give us a call anytime here at Bell Law. We would be more than glad to assist you with any or every aspect of your purchasing process. Regardless of whether this is your first home or your retirement property, having a legal professional on your side that specializes in real estate law can make a world of difference.

Home Exterior Updates to Make Before Putting Your Home on the Market

Home Exterior Updates to Make Before Putting Your Home on the Market

Selling a home can be a massive undertaking, and the real work begins long before you put your property on the market. Knowing what to invest in when updating or repairing your home prior to selling it can help you sell your home more quickly and for more money. The best place to start? Your home’s exterior.

First Impressions are Everything

Home buying is all about looks, and the first impression can make or break a sale. Your kitchen may be sparkling new with quartz countertops and new appliances but if your yard looks messy and unkempt, no one will even make it to the kitchen. 

You must step into the shoes of the potential buyer, seeing your home for the first time. Remember, just because you have become accustomed to the old front door and overgrown shrubs in your yard, it doesn’t mean a buyer will overlook the mess. 

Buyers want fresh and clean, and your home’s sale can hinge on your exterior simplicity. Not all exterior improvements have to break the bank. Oftentimes, clearing out or trimming shrubs and removing overgrown weeds can be done in an afternoon and can make a huge difference. Replacing or repainting your front door can make your home that more inviting.

Get Ahead of the Inspection

You know your home better than anyone. You know where the drafts are, and which windows are leaky and old. Use this knowledge to save yourself time and money while trying to sell your home. 

While it may seem like a huge investment to replace windows or siding just to sell your house, it can pay off big in the end. Making your home more energy-efficient makes it that more attractive to potential buyers. Not only have you increased your curb appeal but you have shown buyers that you care for your home which can offer much-needed peace of mind. If you fix potential problems ahead of time it can make the selling process much more streamlined, keeping the inspection quick and easy cuts down on the time it takes to close and get started on the next chapter of your life.

Preparing your home for the market can be a very stressful time, it is easy to get overwhelmed. The professionals at Bell Law are here to help you every step of the way. They can offer suggestions to make your home selling process run smoothly and efficiently. They are experienced and ready to assist you in any way possible. Give Bell Law a call today and start your new journey in the right direction.

Buying Your First Home? Start Here.

Buying Your First Home? Start Here.

Purchasing your first home is an incredible feeling, as years of hard work and planning finally come to fruition. However, if you are not entirely financially prepared for this purchase you could find yourself in over your head quite quickly. A home is by far one of the most important purchases, and the most expensive, you may ever make. This means you should make every effort to ensure you are ready for this step; a bit of extra preparation before purchasing allows you the confidence to enjoy your new purchase for years to come. 

What Can You Afford?

You may have mastered the world of renting, but homeownership is a whole different ball game. It’s important to take the proper time to make sure what you are buying is affordable given your current financial position. 

Take the time to pay off as much debt as you can. This step not only improves your savings but also increases your credit score to help get a better interest rate on your mortgage. Remember, being a homeowner isn’t just about paying a mortgage. There are other additional costs associated with homeownership to consider. Take the time to calculate real estate taxes, homeowner’s insurance, HOA dues, and any home improvements that may pop up unexpectedly. Once you’ve mulled over these factors, you can honestly evaluate your bank accounts to see if you have the funds to pay for your home, extra costs, and still have enough to feel comfortable. 

Do Your Research

You may have found the perfect home at the perfect price but is it a perfect location? There are plenty of considerations to make before rushing into any home purchase. You can make a more confident decision if you do your research before and during the purchasing process.

Drive around the neighborhood and the others close by. Make sure you are comfortable with the location, would you feel safe out for a walk or playing in the yard? Are there parks nearby or park district facilities? How are the school districts, do they have good reviews, are they close to the home? What about shopping, can you walk to the shops or will it be a long drive? Make sure you are purchasing a home that has the amenities and neighborhood that best suits your current and future needs.

Get a Good Team Together

Since this is by far the most important (and expensive) purchase you may have made to date, it is important to have professionals at your side to make sure everything goes as smoothly as possible. Finding a seasoned realtor can help ensure that you are getting the best deal you can find. A realtor can find you exactly what you want, taking into consideration your expectations and what you can afford. A good realtor also helps with mortgage questions, interest rates, and loan types. 

Having an experienced real estate attorney at your closing can give you the peace of mind that all documents will be ready and that each step will run smoothly and efficiently.

If you find you are ready to purchase your first home give the professionals at Bell Law a call. There is always someone available to answer any questions you may have about the buying process and can help make this life-changing step as easy as possible.

Should I Have an Inspection Prior to Putting My Home on the Market?

Should I Have an Inspection Prior to Putting My Home on the Market?

While it may be commonplace for the buyer of a home to order the inspection after putting an offer on a home or property, some sellers are choosing to invest in an inspection before putting their home on the market. Having a heads up on major issues can help improve the sale of your home and increase the time in which it takes to close.

What Do Inspectors Look For?

Most home inspectors have seven major items they inspect in a home during the inspection process. Those include water damage, structural issues, electrical issues, plumbing, pest infestations, roof damage, and HVAC issues. 

The main goal of an inspector is to identify any health, safety, and major mechanical issues. They will inspect both the interior and exterior of the home, so it is important to remember that proper yard maintenance can play a big part in maintaining your home as well.

How Can an Inspection Help a Seller?

When you have decided it is time to move on and put your home up for sale, you may already have your next perfect home picked out and waiting for you. If you could cut the time it takes to sell and most importantly close on your home, why not try. 

Having a pre-inspection can give the seller a heads up regarding any major issues that need to be addressed in the home before putting the home on the market. This can allow you to have any issues corrected in advance of the sale which can allow you to list for a higher amount and cut out most of the time it takes to haggle about home issues with potential buyers. Not only can this be beneficial for the seller, but it also sends a message to the buyer that the homeowner cared for the home and was on top of any potential issues, making the buyer more confident in their decision.

Selling your home can come with many challenges and it can be helpful to have professionals to turn to with any concerns and questions you may have. This is where the friendly experts at Bell Law come in handy. They can guide you through the selling process and advise you as to what steps would be most beneficial to you to help get your home sold fast and efficiently.

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