RSS

Tag Archives: buying a home

The Inspections you Need Before Buying a Home

Article by Wendy McCance

Let’s say that you are looking to buy a home.  You come across a home that looks like it might be “the one.”   You put in an offer and it is accepted.  Before you start the celebration, you decide to get an inspection done on the property.  This is the typical scenario that most potential buyers go through.  Getting an inspection is an incredibly important part of the entire buying process.

The reason to get an inspection is to find out what may be a potential issue that you might have to deal with.  Are there issues with the foundation, evidence of water damage or an infestation of termites?  There are so many potential problems in a home to know about up front.  Maybe a problem is found and you renegotiate the price or decide to walk away.  Thank goodness you found out about the problem before signing those final papers.  Although inspections are highly recommended, they don’t cover everything.  There are other people who should be contacted to look over the home you are interested in.  Another inspector to contact would be an inspector to check out your sewer.

A sewer inspector can find out if there are clogged pipes or pipes that are falling apart.  To get a sewer dug up and fixed is so outrageously expensive, spending on average of $95.00 for the inspection is well worth the money.  (Important) That general inspector that you hire will not look at the sewer system.  It’s important to know there is a specialist who works specifically with sewers that will have to look at your sewer for you.

Long before I became an agent, our family bought a home that had been inspected.  Our real estate agent never mentioned getting the sewer inspected, and it wasn’t something that occurred to us either.  We moved into the home and put all of the boxes in the basement.  We would bring them up one by one to unpack.  The basement was beautifully finished and carpeted.  Within two weeks, I went downstairs to the basement to do some laundry and noticed a big stain on the carpet.  A while later, that stain became a puddle and then a sloshy mess in our basement.

Our sewer lines were clogged.  We had been doing a ton of laundry and dishes.  The sewer lines had tree roots in them and the water backed up.  That stain (it turned out) was where our drain was located and it was under the carpet.

$1,200 later and a basement that had torn up carpet and damp floors, our sewer was fixed.  Thank goodness those boxes hadn’t been placed on the ground.  They were all on tables and shelves.  We truly got lucky.  I wish we had known to have our sewer checked out.  We would still have a great looking basement and a lot more money.

Other inspections that you might want to consider are a radon test and a check of your septic system.  If you have a septic system, you might want an inspector to come out and check your septic system if you aren’t connected to your city’s water system.

The bottom line is to over think the problems that could go wrong.  Get picky and make sure you get the inspections you need while you still have an opportunity to negotiate or walk away from a home that carries any issues that concern you.

If you are interested in a free consultation with Wendy McCance, you can contact her at:

Real Estate One

26236 Woodward Ave
Royal Oak, MI 48067 
248-414-1248 ext. 119
wendymccance@realestateone.com
Advertisements
 
2 Comments

Posted by on February 1, 2013 in advice, houses for sale, how to

 

Tags: , , , , ,

Real Estate Agents are not Salespeople. We are Consultants.

When I decided to get into real estate, I figured that my background would be a perfect fit.  I have a strong history in the sales field.  I was really good in my field, and truly enjoyed the social aspect of a sales job.

When I took the classes and worked with a mentor, sales was what was discussed.  There were strategies and outlines.  There were even scripts you could use.  It wasn’t until I really got off the ground that I realized that sales has nothing to do with being a good real estate agent.

I’m sure there are agents out there that will argue that this is a sales job, but let me tell you why I think it’s not. My feeling is that if you are a good agent, you are not a salesperson but a consultant.  This is one of the few jobs where it doesn’t matter how hard you might try to sell someone on a home.  Buying a home is incredibly emotional.  It is also one of the biggest expenses you will have in a lifetime.  I don’t know anyone who is casual enough to allow a salesperson to come in and twist their arm to buy a home that might not be right for them.  Let me state it another way.  I could never be that person who puts pressure on a client.

My personal feeling is that if you are a good real estate agent, you will treat your client like you would treat a good friend.  There is respect, understanding and help in figuring out what type of home might suit that particular client best.

As a real estate agent, you are there to guide your client.  You must be knowledgeable and able to teach them the steps in home ownership.  You are the person that a client will go to for consultation.  Maybe the time is right for a customer to buy, and maybe it’s not.  The goal is not to sell a home, but to help a customer decide what’s right for them.

If you go about your job in this manner, the rewards will come.  A customer might use you later down the road because of your honesty and integrity.  You will gain a good reputation, and yes, you will sell homes and make a good living.

It’s all perspective.  I know that I would be turned off by an agent who felt like a salesperson.  On the other hand, an agent that acted as a consultant would impress me and leave a lasting good impression.

For those of you just starting out in real estate, this way of looking at your job might be of enormous benefit to you.  If you are an agent, how do you approach your job?  Are you a salesperson or a consultant?

 
12 Comments

Posted by on January 22, 2013 in advice, career, houses for sale, real estate

 

Tags: , , , , , ,

Buying a Home? Here are 5 Things to do Before you Start Looking

I have received several calls from people who are planning to buy their first home over the summer.  I tend to get the same questions, so I thought I’d put together a list of things to do before looking for a home.

1.  Get pre-approved.

I can’t stress this enough.  People tend to drag their feet getting pre-approved.  The reason why it is so important isn’t just so you know what amount of money you are approved for.  You also need to know how much you might need to save up for a down-payment.  Cleaning up any credit blemishes is another reason to get pre-approved as soon as possible.

2.  Put together a plan for how you will save up the money for that down-payment.

The amount needed for a down-payment can be quite a chunk of money.  Another thing that needs to be considered is extra money for unexpected expenses.  If you are getting a foreclosed property or if you want to update the home you have chosen, having extra money set aside is a must.

3.  Decide where you would like to live.

There are a million reason’s why a particular city is picked out.  The homes might be more affordable, you love the night life of the area, or maybe the area is close to friends and family.  What ever your reason, it is much easier to find a home you will love when you have an area picked out as being perfect for your personal needs.

4.  Start shopping taxes.

This really goes hand in hand with picking the area you will live in.  It’s amazing how two cities next to each other can have such a wide range in what is taxed on homeowners.  You should be aware of how much you can afford and how the taxes will play into your decision.  Maybe the taxes are low and you will be able to afford more home.  On the other hand, maybe the taxes are incredibly high, but the lure of the location is enough for you to go for the smaller home because you love the neighborhood you are choosing.

5.  Get familiar with what you want in a home and how realistic it might be.

At Real Estate One, we have a free program where we send emails to the customer which show homes for sale.  The homes the customer views take into account the criteria that is important to the customer.  Let’s say the customer names 3 cities as possible choices.  The home should have 3 bedrooms, 2 bathrooms, a garage and 1400 sq ft minimum.  The criteria will be set and the customer will get email updates with pictures and information on homes that fit those needs.

It’s a great program in that it gives the potential homeowner a peek at what is available with the criteria they have chosen.  If the choices are sparse, the customer can tweak their criteria and see if they fare better with what is available.

If you are interested in discussing how you can get into a new home or maybe you have a home you need to sell, give me a call.  I would be happy to help you set up a plan to get ready to move and then find the home of your dreams.

Wendy McCance
Real Estate Agent
Real Estate One
26236 Woodward Ave
Royal Oak, MI 48067 
Direct: 248-414-1248 ext. 119
wendymccance@realestateone.com
 
2 Comments

Posted by on January 8, 2013 in advice, housing, how to

 

Tags: , , , , , , ,

 
%d bloggers like this: