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Home Owners In Trouble! Real Estate Bubble, Rising Interest, Variable Rate Loans Concern Fed.
Hurricane Katrina, floods, earthquakes, high fuel prices, shrinking pocketbooks, and now, worries over variable interest rate loans are discussions heard throughout the nation.
With mounting concerns by the Fed over rising inflation, there is a...
Pointers In Hiring A Real Estate Agent
Quick Tips in Hiring an Effective Real Estate Agent
Buying or selling a house is a thrilling experience. But connected to this is a stressing and overwhelming job. This calls for a good real estate agent. But what do we need to know about hiring...
Prerequisites While "Qualifying For a Home Loan"
When preparing to lend a mortgage the first thing many lenders do is to make sure about your financial condition. It enables lenders to grant loans that would otherwise be considered too risky. Lenders look at a variety of factors,...
Real Estate Websites - Head Librarian Or Realtor?
If your real estate website has an IDX link, do you provide the full property address to Web surfers? If so, you may be acting more like a librarian than a realtor! Do you really believe Web surfers, the potential clients, who have had in many cases...
Water, Water Everywhere on the Waterfront!
Waterfront living is among the most desirable of locations in our area. The views and vistas are fantastic, not to mention the ability to walk out one's door to drop a line to fish or untie a line to enjoy boating. However, all this joy is not...
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Spring Into Action: Home Maintenance
Spring has sprung! Even more important than buds, birds, and bees, spring brings buyers! When buyers are looking for a place to nest, they would really rather not see problems. As it turns out, nearly every home inspected has problems or imperfections of some sort or size. Most issues are very minor and simple to correct. Almost all are a result of deferred maintenance.
Most of these simple deferred maintenance problems, when discovered during the home inspection, cause the majority of the headaches when trying to bring a contract to close. With the five quick checks described below it is probable that 90% or more of the minor maintained items typically discovered in the home inspection could be eliminated, and with them a great portion of the time and stress associated with their correction:
Dirty Filter and Coils in the Heat Pump. The clean and efficient flow of conditioned air as well as the longevity of this very expensive system is dependant on proper airflow. A professional cleaning is most always well under $100. Routine filter replacement can be done by a homeowner for about a dollar.
Poor Caulking of Ceramic Tile in the Tub and Shower Area. The cost to repair or replace a rotted shower wall often exceeds thousands of dollars. This is an avoidable event! A homeowner can accomplish caulking of tiled areas easily for under $20. If a crack in the caulk or grout is visible, you can believe it's large enough for water to pass!
Ground Fault Circuit Interrupters (GFCI) not Properly Functioning. GFCI's are the electrical outlets that have the "press" and "test" buttons. These devices are critically important in reducing the chance for electrocution. The homeowner can test the devices by pushing the "test" button. The cost of a new GFCI is less than $10. They can be installed in less than 10 minutes.
Amateur Workmanship. When something looks like an amateur did it, that means an amateur did it,
even if the perpetrator was paid for his work! When amateurs do things, the materials are often improper for the intended purpose or of poor quality. Many times they are both. Seldom are proper permits pulled or inspections performed when work is performed by amateurs. Amateur work is also difficult to maintain. Amateur work and the people who perform it always complicate a closing.
Wood Rot. Closing contracts sure would be simpler without wood rot. It sure would be nice to see a home listed that said "clear WDO on file". Consider doing the WDO inspection at the time of listing to greatly reduce the greatest challenge in Florida real estate.
The act of selling real estate can be made simpler, more enjoyable, and more profitable by educating buyers and sellers about preventative maintenance. Spring is a time of renewal - renew your interest in home care and take a few simple steps to keep safe, comfortable, and ready for some summer sun!
About The Author
Wally Conway is President of Florida HomePro Inspections, and has recently written a book entitled "Secrets of the Happy Home Inspector", available at GoHomePro.com or Amazon.com. Wally's expertise and experience has been sought after by HGTV's "House Detective", the Florida Times Union, and many real estate boards and associations. As a speaker, writer, instructor, and host of The Happy Home Inspector radio show every Saturday at 3 PM on WOKV 690, Wally blends the right amount of up-to-date information with just the right amount of humor, insight, motivation, and real-world application. Visit WallyConway.com for more information!
Copyright © Florida HomePro, Inc. and Wallace J. Conway. All rights in all media reserved.
info@wallyconway.com
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