Be Informed About The House Before You Buy

One of the biggest investments that one makes in their lifetime is investing in real estates

, especially purchasing a house. Thus it is important that the homebuyers get the deal right. And for that it is better to seek professional help rather than taking advices from friends and family. However selecting a real estate agent often becomes a major issue. The first thing home buyers need to determine is whether or the agent is working exclusively for them. Generally real estate agents either work for the sellers or as dual agents (working for both buyer and seller). Such agents are less likely to bring out the drawbacks of the property. Therefore it is important that the homebuyers are represented by buyers only agents who can look out for their best interests.

Homebuyers must be very cautious while buying a house. The house must be inspected personally and look out for disputes. Also ask the real estate agent to get complete record of the property and verify it with the local federal agencies. This helps to determine if the property has any financial liabilities.

The structural aspects that one needs to check include:

Plumbing of the house including water pressure and leaks.

Piles and roof conditions.

Physical condition of the house like cracked window sills, alterations that are not mentioned in the original plan etc.

Electrical wiring especially the switchboard and power points.

Insulation in the walls, above the ceiling space and under the floor.

In addition, there are several other factors that the homebuyers must consider to make an informed decision. For example, those who want to buy a Columbus home for sale must ask their real estate agent to make a formal inspection of the house. Spending 2 to 3 hours through the house is more than enough to know the house its pros and cons, the type of maintenance that it will require as well as what the buyer can expect in the foreseeable future. It is also advisable to take a professional while inspecting the Columbus home for sale.

This professional inspector will help to point out every drawback of the house that needs to be fixed. And the buyers can make realistic expectations about what could be done; either the seller fix them (if mentioned in the contract) or the buyer can negotiate the amount that will be required to fix the house. However if there is a major defect like structural problem the seller must disclose it to the buyer, otherwise they could be liable for fraud. In most of the cases the seller fixes these defects. If the seller cannot (or does not want to) fix it the seller can cancel the contract without any liability though one can even negotiate for the cost required to remedy the defect.

It is comparatively easier to detect a major defect in contrast to uncovering major problems. They are either quality related or have cosmetic issues. And it is often harder to get the seller to repair them. However the seller will have to fix those items that are damaging the house like gas leaks, plumbing or roof leaks. A good real estate agent will also recommend a wood-destroying insect inspection while purchasing a Columbus home for sale.

by: Rebekah Whitman

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