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Real Estate is Making a Come Back
May 22nd, 2008 categories: Real Estate Tips, Sacramento
This week I have been on the home buyer road of home inspection in real estate. In the Sacramento and surrounding areas, it is most important for a home buyer to have a home inspection of the house they are buying.
There are some key aspects to a home inspection that are necessary in order for both for the home buyer and the home seller as well as the Realtors involved to establish.
- Home Sellers should vacate the house during the home inspection
- Home Sellers and Home Buyers should allow anywhere from 3–5 hours for a home inspection depending on the size of the property as well as the condition of the house.
- Realtor representing the home buyer needs to be present during the time of the home inspection.
- No house is perfect, concentrate on the BIG things and ask the Seller for those items which would hamper your ability to buy the house.
- Seller is not obligated to agree to fix anything
The Home Inspection is a time for the home buyer to get to know the house that they will soon call home. Sellers should not be present as this does not make the home buyer feel comfortable. Let the home buyer get to know the house…you do want them to buy the house, right?
The home buyer’s Realtor will be present during the entire home inspection so all parties should feel comfortable. Since there are some agents who simply open the door for the home inspector and leave, it is important the seller ask that the buyers agent be present. No Realtor should be so busy that they don’t provide this service to their home buyers as well as to the seller. This is just part of the job that an experienced, knowledgeable Realtor with a good work ethic provides.
Many of my home buyers bring their measuring tapes (I have one in the trunk for those needing one), to measure rooms and planning where their furniture will fit. This is also a time to go over many disclosures that the home Seller has provided the home buyer.
This is an exciting time for the Home Buyer since it will be just a matter days before the house becomes their home. It is also a time, if the repairs to the house are not made by the home Seller that the home buyers may decide to back out and look elsewhere.
I also caution my home buyers to go over the home inspection report carefully with me and with the home inspector, be aware of all the items the home inspector found and decide which items are of such consequence that if not fixed they would not buy the house. A home buyer never wants to “nickel and dime” a home seller with each small detail that could be easily fixed once the home has changed hands.
Frankly, it is a good idea for a home seller to have their own home inspection prior to listing the house so that the items can be fixed initially and the house is in top shape prior to listing the home for sale.
The home buyers this week were extremely lucky to have had Brenda as their home inspector since she spends time with the home buyers pointing out the flaws of the house, long term maintenance of the home and provides photos as well as a manual on how to take care of their house once it is theirs. Brenda is thorough and each home buyer I have had is impressed by her thoroughness, knowledge and capability as well as the binder presentation that she provides of each home inspection.
This week has been a busy week with all the home buyers scheduled for home inspections and meeting with each of them to pin point the items they each plan on asking the home seller to repair or replace.
Real Estate in the Sacramento area has picked up and the home buyers are moving into Elk Grove, Cameron Park, Roseville and Granite Bay, CA with many more scheduled in the upcoming weeks.
I see a change in Real Estate for the Sacramento area with an upswing of home buyers and homes selling. If you are thinking of buying a house or condo, don’t wait too long…by the time the newspapers tell you that Real Estate is on its way back up, you’ll be a month behind. Just make sure that your offer reflects a percentage of what you think the housing market might go down to. You’ll be money ahead!
Since gas prices are sky high and the Memorial Day weekend is approaching, you might want to take your family and friends to the Sacramento County Fair at Cal Expo. The Fair begins May 22, 2008 and ends May 26, 2008. Go for the food and stay for the fun!
If the Fair is not your thing, then be sure to attend the Jazz Jubilee in Old Sacramento. For discounted tickets to the Jazz Jubilee.
If you have a Real Estate question, check out 
and read what other home buyers and home sellers have asked.
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Other Real Estate Tips:
Burning Real Estate Questions, Answered
Ask Gena Answers Homeowner Question
Property Taxes-Something for Homeowners to Consider
Money in the Pocket of Placer County Homeowners
First Time Homeowner Tax Deductions
Dress Your Home To Sell-Inside Home Seller Tips
Dress Your Home to Sell-Outside Home Seller Tips
What Every Home Seller Should Know
Tips In Preparing Your Home For Sale
Sacramento Home Buyers Searching for the Right House
Sacramento Realtor Talks to Home Buyers
Baby Steps When Buying a House
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You have a great resource of information here, but I do see some potential issues for #3. Here in the Birmingham, AL area, they recommend us not going to home inspections. It has become a liability issue. A HI can claim to have told an agent something that wasn’t passed on to a buyer and the agent can be held responsible. While I an willing go if my buyer wants me to, and I tell them all this, I have since stopped going. Maybe this is just another one of those things that is different from region to region in real estate.
Stephen,
As long as you don’t assume the role of the home inspector everything will be fine.
During the home inspection, I am usually busy writing my Agent Visual Inspection report.
My clients attend the home inspection and then the home inspector writes up the report, prints it and goes over all of the areas found needing attention with my home buyers and with me.
As long as the Realtor remains a Realtor and lets the home inspector take the lead then all is good.
Even though not everyone elects to get a professional home inspection, it is a good idea to have one done. There are so many things that an inspector will catch that you may not have thought of.
It is not about looking for a way out of the deal, it is just important to be an informed buyer and know what you are getting into.
The smart buyer ALWAYS has a home inspection.