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        <title>Denver Real Estate Blog</title>
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        <description>Denver real estate topics including local metro Denver community news and events.</description>
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            <guid>http://www.bruceswedal.com/blog/the-value-of-inspections-for-homes.html</guid>
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            <author>bruce@bruceswedal.com (Bruce Swedal)</author>
            <title>The Value of Inspections for Homes</title>
            <description> <![CDATA[ 
When a buyer finds the home that they believe will be perfect for them, chances are that they are going to have the home inspected. If the buyer for some odd reason does not do this, then you are on your own when it comes to problems that arise with the property. Any real estate agent will tell you that you need to have an inspector look at the property before you agree to purchase it in order to protect yourself.

So what exactly is the inspector checking for? There are two kinds of inspections that you should consider getting on any property that you are serious about purchasing. For one, the pest inspection will tell you if you have any kind of pests lingering in the home that you may not see why looking at the home, such as termites which could affect the house and are a huge problem to deal with, or other pests such as mice, roaches, and other rodents. Secondly, the house inspector will be looking for problems related to the drainage, roofing, the foundation, wiring, plumping, heating, the paint and the tile just to name a few. Basically, the inspector is checking to see if the home is really worth someone else buying. The next most common question that people have is should you completely step out of a house when the inspector finds a problem? The answer really depends on the problem that is found. For example, when a problem is found the seller may agree to fix it, or they may lower the asking price in order for you to have the funds to fix it yourself when you move in. For more serious problems, most suggest that you make the seller fix it since it could cost you more in the long run.

There are many homes listed on the market that are sold 'as is' which means that even if you do have an inspector come into the house, the seller is not going to negotiate a price with you because of the problems that are found. So should you purchase a home that is considered as is? This is a sticky situation. You should pay out of your own pocket to have the home inspected if you are truly interested that way you know what you are getting yourself into. Then, make your decision based off of what you find out.

Overall, the inspection is an integral part of the buying process, and no one should simply agree to purchase a house without an up-to-date inspection.


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            <pubDate>Wed, 19 Jan 2011 08:40:25 -0700</pubDate>
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            <guid>http://www.bruceswedal.com/blog/10-deadly-mistakes.html</guid>
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            <author>bruce@bruceswedal.com (Bruce Swedal)</author>
            <title>10 Deadly Mistakes</title>
            <description> <![CDATA[ 
10 deadly mistakes Denver home buyers make when purchasing a home.

Looking for a home prior to getting prequalified

Prequalification makes your life and home buying process much easier so make sure to take the time needed to speak with a quality lender (contact me and I can refer you).&nbsp; By getting answers to questions on income, debt, etc., the lender can help you determine the price range that you can afford.&nbsp; 

Not getting a home inspection

We understand that saving money is important, but skipping a home inspection to save a little money today could end up costing you a lot of money tomorrow.&nbsp; Qualified home inspectors can inspect a home for issues that many home buyers could easily overlook.&nbsp; We are happy to refer quality home inspectors.

Limiting your home search to ads, open houses or the internet

Most of the homes found in magazines or internet ads have often already been sold.&nbsp; We have the most up to date information on properties and resources which are not available to the general public that allow us to quickly identify the property youre seeking.

Selecting a Denver Real Estate agent that is not committed to exceeding your expectations in a business relationship 

It is crucial to connect with the right Denver Realtor - a real estate professional that will be there before, during and after the sale.

Believing that there is only one perfect home available

When it comes to purchasing a home it is more a process of elimination than selection.&nbsp; Each day brings new properties onto the market as existing properties are sold so a Denver home buyer should be open to all possibilities.&nbsp; When viewing homes ask your Realtor how the value of the home compares to others on the market which have recently sold or are still for sale.

Not taking into account your long term needs

When considering a home it is important to think ahead.&nbsp; Ask yourself if the home will still suit your needs in 3 to 5 years.

Not taking into account insurance issues

When arranging for home owners insurance make sure to get adequate coverage.&nbsp; Ask advice from the insurance agent and get answers to any concerns you may have.

Not buying a home warranty

This is a mini insurance policy that is usually good for one year from closing.&nbsp; The policy covers basic repairs which may be encountered during the first year.&nbsp; It gives peace of mind against large, unforeseen repair bills and can be purchased for a nominal fee.

Not knowing the total costs involved in the purchase

Early in the process when obtaining your prequalification from the lender make sure to get a prepared estimate of closing costs.&nbsp; Certain costs may be estimated such as fees for Title Company, HOA fees, insurance and attorneys fees if one is engaged.&nbsp; This should then be compared to the settlement statement prior to closing.

Not completing due diligence

Denver home buyers should list any concerns on issues such as neighbors, schools, crime, power lines, environmental conditions, etc.&nbsp; Find the answers to these prior to making your offer so you can be confident in your decision.

Oh, Remember&hellip;&nbsp; When you encounter friends or relatives who are considering buying or selling a home and would appreciate the services I offer, I would love to help them.&nbsp; As these people come to mind, just call me with their name and business number.&nbsp; I will follow up and ensure they receive excellent service.
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            <pubDate>Wed, 07 Oct 2009 14:15:28 -0600</pubDate>
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