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Real Estate Tips

Bargain Properties >The Inspection Report

Are you looking for a home and becoming tired of house-hunting? If so, you may be tempted to buy a bargain-priced home "as is" and forego the home inspection. But without the inspection report, do you know what the "as it" refers to? Wouldn't it be better to know what condition the home is in before you buy it?

The inspection contingency allows the buyer to enlist the services of a licensed home inspector within three to seven days after the purchase agreement is signed. The inspector will go over the property from top to bottom, evaluating the condition of all the basic systems and structures of the home in order to identify conditions that may be considered material defects and thus may affect the market value or the safety of the home.

The inspector's report is the only documented proof of the actual condition of the property that is being sold. It is a valuable tool that helps you negotiate the sales contract and gives you information about future maintenance projects. The cost of an inspection is well worth the peace of mind it provides.

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Real Estate Trivia

Q 
What real estate term was first used in the 19th century and means "a high-flying flag on a ship"?

A 
Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York.
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Alan Haley, REALTORŪ, real estate agent and broker for Lake Sinclair, Eatonton and Milledgeville, Georgia home listings, property and land for sale

Alan Haley
Lakeside Realty

3060 N Columbia St
Milledgeville, GA 31061
Mobile: 478-457-6840
Office: 478-452-4223
Toll Free: 800-342-0135
Fax: 478-453-2667
alanhaley@lakesinclair.com

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