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Is FHA Responsible For the Leaky Roof?
March 19, 2001 "We just purchased a home with an FHA loan and the seller did not disclose many problems?The roof leaks, the toilet is falling through the floor?FHA inspected the house before we moved in, and they will get the house if we default and move out? We thought ... more...

Which Reverse Mortgage Plan Do I Choose?
April 8, 2003 ?I am 79.  The counselor I saw in connection with my reverse mortgage told me that Fannie Mae?s Home Keeper product would provide me with more money than FHA?s Home Equity Conversion Mortgage, but that Home Keeper would cost me more.  The decision was mine ... more...

home inspector related definitions

Second Home, Vacation Home
Second Home Second home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Second Home As Investment However, when market is ... more...

Vacation Home
Vacation Home Vacation home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Vacation Home As Investment When market is ... more...

More about home inspector

9 Home Buyer Traps and How to Avoid Them
No matter which way you look at it buying a home is a major investment. But for many homebuyers, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either:-paying too much for the home ... more...

Inspecting Home Inspectors - Examining the Quality and Consistency of Home Inspections
In real estate transactions, some things never change. Sellers usually feel theyve given their house away, buyers believe theyve paid too much and Realtors fear neither side will ever get to the closing table. There is however, one thing that has been inconsistent in real estate transactions: the ... more...

Realtors: Inspecting Home Inspectors
Examining the quality and consistency of home inspections. Province of Ontario, June 2005 UpdateIn real estate transactions, some things never change. Sellers usually feel theyve given their house away, buyers believe theyve paid too much and Realtors fear neither side will ever get to the closing ... more...

How to Build a Real Estate Investing Power Team
As you continue to read about real estate investing, you will no doubt come across the term 'power team'. What is this 'power team'? A power team is a group of people without whom successful real estate investing becomes very difficult, if not impossible. Included in a power team are at least one ... more...

Construction Loan Basics
It might not be too big of an exaggeration to say that the construction loan is one of the more daunting aspects of building your custom home. Before we started our project, I had nightmares about trying to pay two full mortgages at the same time (our existing mortgage and the construction loan), ... more...

Building Your Dream Home - Part 1
For most of my adult life I had thought about someday building my Dream Home. Several years ago I finally got the chance. I had purchased a lake front lot with a small cottage on it. My initial intention was to use the property as is, and someday raze the old cottage and build a new home in its ... more...

Should You Get a Home Inspection?
Its very important, and in my opinion, mandatory to have a home inspection done before you close on a house. The inspection helps with giving you an objective evaluation of any problems with the home before you move in.Make sure you have a home inspection contingency in your contract before you ... more...

New Home Buyers Who Represents You?
1)Why Buyers Agents The home buying process is full of traps for the unwary, inexperienced, and even the experienced home buyer. A good Buyers Agent can help you stay on course and avoid the problems. Understand that not all real estate agents are equal, spend some time interviewing agents. ... more...

FSBO You Can Save Thousands in 7 Easy Steps
1.Determine Your Market Value: Some of leading edge real estate brokers offer a free over-the-net home evaluation. Online; city and county tax records, Realtor.com, bank on line home evaluation tools. Local legal business newspapers.2.Preparing Your Home To Sell: The idea is to have the best home ... more...

Building a Home Addition
Besides providing your home with more living space, a home addition can be a terrific investment. However, before embarking on such a project the homeowner should first consider several important items. These items include: home market values in the neighborhood, financing, size and scale of ... more...

Real Estate Business
Starting real estate business is not that simple. Multiple aspects of stable business should be considered before you invest even 1$ in real estate. Owning real estate is no guarantee of wealth. There are a lot of things you have to do right to receive your reward. One of the most important points ... more...

Confessions of a Networking Junkie
I am a networking junkie! But unlike people with other addictions, I am not looking for a 12-step program to cure me of my habit, because I like the BUZZ my business gests from my referral addition.A healthy referral based business is built by creating relationships with business professionals who ... more...

What To Expect From Your House Appraisal
Having your house appraised can be a scary step in the moving process, especially if you dont know what to expect. Will your house pass muster or will they find some hidden defects and problems lurking in the basement and attic? Should you scrub the house clean?Dont worry this isnt a test of how ... more...

Important Facts For Home Buyers
If you are considering buying a home or have spent many years saving in preparation of buying a home, the questions and process involved in buying a home can be extremely stressful. As exciting as it is to begin looking for your new home, there are many unexpected costs and details to be considered ... more...

Electrical Home Inspection: What You Need to Know!
Whether youre buying a home, or just moving in to your new home, here is some advice that can help you. If youre in the buying process the things you will be looking for are safety and repair aspects. Most electrical contractors can offer you an inspection to check for both of these. If you are ... more...

Mobile Homes... What to Look for
Mobile homes are usually mounted on grade-level wooden or concrete blocks, with the trailer wheels removed. They are typically skirted with vinyl or aluminum siding, or painted plywood sheathing. Mobile homes are sometimes installed on concrete block foundations, and it can be difficult to ... more...


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