Comments for Nance Realtors Blog

Comment on Q&A: Can a buyer be present during the home inspection ? by Ben

Ben — Thu, 17 Mar 2011 15:06:52 +0000

Yes, it’s highly recommended!!

Comment on Q&A: Can a buyer be present during the home inspection ? by BLCOHEN529

BLCOHEN529 — Thu, 17 Mar 2011 14:43:24 +0000

Select a reputable company. Make certain they have an effective bond! Then ask if you can join the inspector. Some inspectors will hurry the job and do a less effective examination if they are being watched closely. Others will be thorough and not mind your moderate interference that will lengthen the time required to complete the inspection.
If you do not know what you are looking at or the potential consequences, your participation is not only worthless but may impede your legal rights should you need to sue a seller for a hidden defect. Your assistance in the inspection will be argued to be your waiver or acceptance of a defect you saw (but did not understand as a defect) or matter that should have alerted you to closer examination which would have led to a defect, known or unknown to the Seller.

Your “help” might not only be unwise…it may cause you injury.

Comment on Q&A: Can a buyer be present during the home inspection ? by Fort Sill Army Wife

Fort Sill Army Wife — Thu, 17 Mar 2011 14:37:10 +0000

Yes its best that you are…I wouldnt “bug” him but yes you can ask questions. We went to our home inspection, it took 4 hours

Comment on Q&A: Can a buyer be present during the home inspection ? by dog ma

dog ma — Thu, 17 Mar 2011 14:29:22 +0000

The home inspector that I recommend asks that the buyer be there, but not until the last hour of the inspection – it usually takes about 3 hours to do a complete inspection. He cannot work with someone following him around, but he wants to be able to show the buyer anything he finds that is unusual. You will also want your real estate agent there when you are in case you want to ask the seller for any repairs. Have the inspector show you things like how to change the furnace filter, turn off the water and electricity, etc. If the inspector is not willing to do all this, find one who is. Good luck in your new home!

Comment on Q&A: Can a buyer be present during the home inspection ? by Mary P

Mary P — Thu, 17 Mar 2011 13:57:02 +0000

If you are not there for the inspection you are making a big mistake. The inspector will probably talk to you about any defects as well as writing them in his report. He should also give you some instructions about maintenance of different elements of the house and grounds. I wouldn’t bug him with unnecessary questions, because his time is scheduled for the size of house and amount you are paying him. It’s ok to ask him at the end if he would buy the house if he were you.

Comment on Q&A: Can a buyer be present during the home inspection ? by 1 Helipilot

1 Helipilot — Thu, 17 Mar 2011 13:35:39 +0000

1. yes.
2. yes.
3. yes, but ask them first, it would suck to get a bad inspection because you pissed them off.

4. ask them what in particular they search for. you’ll get some enlightening answers.

Comment on How important is your credit score when attempting to purchase a house? by Millionster.com

Millionster.com — Tue, 15 Feb 2011 15:37:57 +0000

Your credit score is important only so far as getting a good interest rate on your mortgage. Lenders look at a lot of different factors but your spending and payment habits are crucial here. Sounds like you’ll want to spend a few months to try to boost your score, which you should so you can get cheaper rates and save thousands more dollars. A few points can make a big difference in how you much you pay. Also i would recommend trying a credit score tracker** to notify you whenever changes happen on your credit report. I’m using one now, and its been great. Anyway check out the links below from my blog, they’ll help you figure out where you stand and how to get the best rate for the home you want to buy! ^_^ Good luck!!!

Comment on How important is your credit score when attempting to purchase a house? by iceman

iceman — Tue, 15 Feb 2011 15:29:20 +0000

Your credit score is one fact of about 4 or 5 that effect your approval chances and interest rate. Normally, if you dont have a great downpayment your credit score is going to be more important..so in your case I would say it will be fairly important.

The factors that can still help you are having good income, and having low debt.

Comment on How important is your credit score when attempting to purchase a house? by Julie R

Julie R — Tue, 15 Feb 2011 15:01:45 +0000

Before you consider buying a house, you should get your financial house in order. The only thing that will help your credit rating is paying your bills on time, over time.

Nearly everyone can get a mortgage – the only catch is the interest rate that you will be paying. The higher your credit score, the better deal you will get with your mortgage.

I don’t know how bad your credit is, but you could go to a mortgage broker (not a bank), who will have access to lots of different mortgage options. The broker could show you what kind of interest you would get. By the way, a broker will do this free of charge. If they want to charge you just for showing you different mortgage options – go to another broker.

If you’re really itching to get into a house now, you can always get a mortgage and then re-finance in 2 or 3 years, hopefully at a lower rate.

But I would defer the final answer of what’s best for your own situation to your mortgage broker and your realtor.

Good luck!

Comment on How important is your credit score when attempting to purchase a house? by fast_on_fear

fast_on_fear — Tue, 15 Feb 2011 14:56:59 +0000

Extremely important. If you have not yet started the process of buying a home, I would check your credit report for errors and try to pay off credit card and other consumer debt before applying for a mortgage. You will have the opportunity to put a smaller down payment down and your mortgage interest rate will be lower. From the time you start to clean up your credit, it usually takes at least three months to show up on your credit report. If you have the luxury of proper planning, this is the way to go. It could save you thousands of dollars in the long run. I bought a house in January, and because of my wife’s average credit rating, I helped her clean it up before we applied for the mortgage. We were “committed” before we looked around for a home, which gave us credibility as a serious buyer when we were looking around for homes. We also found that a “commitment” from a bank is almost as good as a blank check. You have more leverage when negotiating with sellers and can get a deal on the home of your dreams.