The property inspection in Southern Colorado

The property inspection in Southern Colorado 

Royal Gorge Association of Realtors

Royal Gorge Association of Realtors

In Southern Colorado and the Canon City area property inspections are historically done by  buyers hoping to buy a house or commercial building. And buyers can do a property inspection on vacant land as well. The buyer will call a property inspector, arrange for a time and date, double check with the seller about availability, have utilities turned on at vacant properties and cross their fingers it all works out well.

Sellers should think about getting a property inspection prior to putting their house or property on the market for sale. Why? No property is perfect! Even new construction is going to have an issue or two. And it’s a good idea to have a 3 party look anyway. Why not be ready with a property inspection, leave the report out where potential buyers can see it. Give buyers the warm fuzzy feeling that the property is in good shape and the little things that were wrong have now been taken care of.

What buyers should expect from property inspectors:

  • Inspectors are going to be ruthless! If the property has so much as a cobweb in the corner of the basement the buyer is going to know about it. The inspector is covering his reputation by reporting on everything.
  • Inspectors are NOT appraisers. They aren’t determining value or loan requirements for the house.
  • Inspectors are not going to usually : get on the roof, inspect sprinklers or give you life expectancy on appliances. If hot water came out of the tap the inspector is going to tell you the water heater worked – today.They may suggest replacing it but won’t guess at it’s life expectancy.
  • Expect the inspection the take a few hours
  • If you want a lead based paint inspection, mold or radon ask if the inspector is qualified to do that, many are not.
  • READ the entire report, you paid for it! Property inspectors will some times leave you with a report printed on the spot from a portable printer,some will get to you a 3 ring binder or email you the report. Most of the time there is a summery sheet or section highlighting bigger issues.

Should everything the inspector found wrong with the house be fixed! No,no,no!

  • Ask first for the things that are or might be loan requirements, that will kill the deal. If the seller is motivated and want the deal to go through he’ll fix ’em
  • What are the issues that will kill the deal for you, the buyer? The broken sprinkler head might be in inconvenience but could really be a negotiating point.
  • That cobweb in the corner of the basement mentioned before shouldn’t even be an issue unless the house is infested and an exterminator needs to be called.
  • An inspector also may or may not know about neighborhood problems. And appraiser might know about so on going issues. For instance, if the utilities plant in the area has polluted the soil in the area – that’s an issue. If the neighborhood has been flooded by a rising river – that’s an issue. If the subdivision builder had on going problems will foundations – that’s an issue.

What else to expect?

If the house is 100 years old it isn’t going to be up to code, it isn’t going to have double paned windows and there are going to be some cracks. Face it, if you were 100 years old you won’t be perfect either, you’d be charming and have character.

If the house is brand new and you are going to be the first one living in it, the house is untested for real life. Hopefully, the house has a warranty by either the builder or a 3 party. make sure the builder leave you all the warranties he has for everything in the house. New houses go through growing pains.

A Realtors true story: A home owner complained and complained about her house for years. The electrical was just insufficient, bothersome and causing the home owner stress. The Realtor asked to see her original home inspection. The home inspector had in Bold RED print written “Hire an Electrician” over and over on nearly all the 40 pages of the report. The homeowner had never read her inspection report.

In conclusion :

  • Talk to several home inspectors : qualifications, price, availability
  • Ask for references
  • Ask the seller for things that will kill your loan first
  • Negotiate the “must haves”
  • Don’t swear the small stuff, no property is perfect

Contact Dena Stevens to buy or sell property in Southern Colorado, Canon City, Florence and Penrose.

 

 

 

 

About Dena Stevens (719) 369.9087

Putting the 'real' into REALTOR since 2004 Ask about vacant land, ranch land or residential properties. Loyalty and devotion are things buyers and sellers expect from their Realtor as well as the fiduciary responsibility of due diligence. Dena is a certified Ecobroker, focused on sustainability, energy efficiency and the environment and is a Certified Sales Professional from the Association of Home Builders. Specialties: A client once said "you put the 'real' into REALTOR" to me. I took it as a complement and I've been using it ever since, I'm a no nonsense kind of person. I've been helping people buy and sell real estate since 2004. Associate Broker REALTOR Certified Sales Professional (CSP) Short Sale Foreclosure Resource (SFR) Ecobroker GHSP The Fair Housing Act is a federal act in the United States intended to protect the buyer or renter of a dwelling from seller or landlord discrimination. Its primary prohibition makes it unlawful to refuse to sell, rent to, or negotiate with any person because of that person's inclusion in a protected class.
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