Bernadette Ramirez

What’s the difference between inspections and the”final walk-through”?
December 12, 2011 · · 1 Comment

Inspections are the buyers right. You as a buyer have the right to inspect the home if your offer is accepted by the seller. This is your chance to find out as much about the property as you can. Depending on what type of investment you have in mind, would depend on what type of inspections you should get on the property. Areas, weather, years, all of these things need to be taken into consideration when deciding which inspections to do. Using your due diligence and inspecting the property is very much to the buyers advantage and at times to the seller as well.

The final walk – through is done at the very end of the transaction a few days before close of escrow. You can refer to your purchase agreement for future reference. You can find more elaborate information regarding the final walk- through in the section labeled “Final Verification of Condition” again, verbiage may vary depending on which agreement you use.  The walk- through is used to solely verify the terms and conditions of the contract have been executed by all parties of the agreement. NOT to re-negotiate terms and conditions!

Remember, these terms are not always clear or at the very least create more questions, we are always here to answer any questions you have. As tech savy as we are these days its just silly not to ask when you can have the answer at your fingertips!

Bernadette Ramirez
www.BarForU.com
Happy Holidays!!!  Look below for a special Holiday offer!!!

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Jean Joh

Things to Consider When Buying a Flipped Property
February 14, 2011 · · 2 Comments

Lately, I’ve been seeing an increasing number of homes that have been purchased by investors, fixed up a bit and then put on the market, i.e. the “flip.”  This is to be expected with the onslaught of foreclosures that has taken place over the last few years, coupled with insightful investors (many of whom are real estate agents) who’ve seen golden opportunities in real estate and have taken advantage of the low interest rates and low home prices.  I’ve actually had two clients purchase such homes in the past six months, and have shown many more.  The most attractive part about buying these homes is that the investors usually have done some basic work to make them move-in ready.  Fresh paint, fresh carpet, new fixtures, even new landscaping – all of these help to make the home more attractive and appealing.  But here are a few things to keep in mind:

1)      Even though sellers are still required to fill out disclosure forms, the information will often be limited b/c the sellers have never lived in the property.  In this sense, it’s almost like purchasing a bank-owned property.

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Nicole Machado

Appraisers… what’s their real job description?
October 9, 2008 · · 5 Comments

AppraiserSince when did appraisers become home inspectors? Just curious as I encountered a never before sitaution today… As my property inspector was packing up from a routine property inspection, the appraiser drove up (early I may add) to what I thought at the time was to appraise the property. Read more