We have reached the New Year! People have started to work on their New Year’s resolutions, and that could mean change. It might be a new treadmill and a gym membership or it could mean that you’re searching the real estate market for your business, moving closer to family or finally taking the plunge to move to that city that you have always dreamed about living in.
Whether you are looking to purchase a home or looking to sell your home the real estate market can be daunting.
From the Buyer’s point of view:
- Am I getting a good deal?
- Is it exactly what I want?
- Is my wife getting her walk-in closet?
- Is it in the right school district?
- Is the house in good shape?
- Does it have good “bones”?
From the Seller’s point of view:
- What do I need to do to get my home ready to sell?
- How quickly can I get this home off of my hands so that I’m not paying a mortgage on a house that I don’t live in?
- How do I ensure that I get the right dollar amount for my home?
- Do I call someone about that crack in my wall now, or do I wait for the buyer to get an inspection report?
All are great questions, you need to have trusted advisors to answer them.
When buying a home, it can be an exciting time. Looking for a house that is perfect for your family can be fun, but as everyone knows, can also be complex. So many things to check off the list to make sure it is functional for you, but also a lot of people involved and more importantly, a lot of money.
Regardless if you’re wanting to buy a fixer upper or a turn-key home it is always important to have a home inspector with a good track record. Somebody who either you know and trust, or someone who has been in the game for quite some time. The inspection report comes back and there is a few notes that suggest that you consult a plumber, electrician, or a foundation repair specialist like AFS Foundation & Waterproofing Specialists. Whatever it might be you shouldn’t run for the hills. Get the right people involved.
At this point, I think it is important to state that a realtor can be very influential in this process. They have developed a list of contacts that they know and trust, and a lot of them might not charge to give you a quote on what needs to be fixed. Like AFS, our inspections are completely free!
Let’s say the scenario is the home inspector said, “there is a long horizontal crack in the basement wall, and high moisture readings and high humidity in the basement.” The home inspector suggests that you consult a foundation repair and waterproofing specialist. Time is of the essence at this stage since most individuals selling their home only allow for a 7-day inspection period.
This would be the perfect time to call AFS Foundation & Waterproofing Specialists since we have specialized in repairing foundations and waterproofing basements and crawlspaces for nearly 20 years. So you call to get someone to inspect your concern and they ensure that nothing is wrong or give you a quote to fix it.
For the purpose of this example they give you a quote to fix it. Remember, this is your potential home so make sure the company you receive a quote from is someone that you know and trust. A good point of reference would be the Better Business Bureau to make sure that the company is accredited and in good standing. Click here for our A+ rating with the BBB.
You give the quote to the seller’s agent and they consult on how to move forward. As the buyer you do have the right to say I want this company and only this company to do this repair. This will protect you from the seller using an inferior solution to do your repair. There are plenty of ways for the payment for repair to be done. It is best to consult your trusted advisor on the foundation repair and your realtor to help you make a decision on how to move forward.
The second scenario is that you are looking to sell your home. The thing that you need to ask yourself as the seller is: what is important to me with the selling this home? Most people want to sell it at a fair price and sell it quickly. You want to know what you need to do to get your home ready to sell. Once again, it is beneficial to use a realtor to help you with these decisions.
You have a long horizontal crack in your basement wall, the coating you painted on the wall is flaking off and water seems to seep in at the bottom with heavy rain. Do you get this inspected now or do you wait for the home inspector from the potential buyer to come in and see if they list it as an issue? Click here to learn more about basement waterproofing.
The answer is to go ahead and contact a trusted foundation and waterproofing specialist, like AFS Foundation & Waterproofing Specialists, to consult with you on how to move forward. As the seller, the last thing you want is a contract falling through or people walking away from the house because of a certain issue. That is going to leave you with an unwanted second mortgage months down the road.
Buying or selling a home can be confusing, overwhelming, and frustrating. Having the right people involved such as a good realtor and specialized trusted advisors will go a long way with you and your experience. Hopefully, you will not face a foundation repair or waterproofing issue, but if you do give us a call.
At AFS Foundation & Waterproofing Specialists, we have technicians who are specifically trained to serve as an advisor in the event that there is a need to fix a home during the real estate transaction. Our goal is to give an economical and timely fix to the seller and give a lasting repair for the buyer and also serve the homeowner into the future after the solution has been installed. We hope this brings more insight into the home buying process, and hope you have a Happy New Year!
Philip Neal, Realtor Support
AFS Foundation & Waterproofing Specialists