r/RealEstate – Buyer – foundational issues found during home inspection – should I worry?
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The home inspector was excellent, and there were about 17 problems found, ranging from the serious (crack in foundation) to the non-serious (loose knobs on sink). The serious problems included a large crack in the foundation, a rodent infestation in the attic, shoddy electrical work throughout the house, and furnace problems.
Top 10 Deal Killers – Reasons Why Homebuyers Walk Away From a House Purchase. on good home inspectors when buyers initially choose to buy a home on impulse but use the inspection report as the.
Foundation issues are no minor thing; however, in the majority of cases, the issue can be fixed (although the cost will vary). One of the greatest dangers of buying a home with foundation issues.
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Common Problems Found During Home Inspections.. "water damage to the structure has been the most damaging and costly, causing foundation problems, rot and the dreaded mold.". Homebuyers should consider a complete environmental evaluation of the property before buying. Next Up. Essential.
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If a problem is found with the building’s foundation during inspection, should the home buyer just walk away? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
Should Buyers and Sellers Agents Be at Home Inspections? One of the popular questions I get from homeowners after accepting an offer on their home is who will be at the home inspection. If you have not sold a home in a while it is certainly a legitimate question to ask. The answer however, is not clear cut and dry.
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Ideally, home defect issues should be worked out before you get to the closing, whether it’s a cracked foundation noted during the inspection or water damage discovered during your final walk-through. At this point, your agent should work with the seller’s agent to explore different options toward recourse. Some examples are:
Mike Holmes is one of HGTV Canada’s go-to contractors and the host of Holmes and Holmes and Holmes: Buy it Right. When it comes to buying a house, it really is "Buyer Beware". This is why a home inspection is so important. People often ask if they need to be present during the home.