You've Found The Perfect Property...Now What? Part 1

You've found that perfect home....now what? Once the offer is negotiated and you have a binding contract your next step will be to employe a good home inspector to inspect the home and tell you what you can expect as the new home owner and also let you know if there is anything going on with the home that could have an adverse affect on the value of the home. He will look at the electrical and plumbing, walls, windows, roofing, in the rafters and the crawl space areas. The reason for this is to make sure there are no major problems going on that the seller may not have disclosed and maybe not even been aware of themselves. Sometimes some of these repairs can be negotiated to be fixed prior to closing and sometimes repairs are not an option and you as a buyer have to make a decision whether to accept the home as is with the knowledge that you will have to make certain repairs yourself after closing or make he decision to withdraw from the contract and ask for your earnest money back and find something else. Keep in mind, unless required by the lender in order to fund the loan the seller is under no obligation to make the repairs. The home inspection as with all inspection are for the buyers benefit so that they are making an informed decision in the buying process. Next up...Making an Offer.