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Will Handley's Advice

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  • 17 Contributions
  • 0 Best Answers
  • 5 Helpful

Will Handley wrote:

How much does a Home Inspection cost?

Response
Size, age, location, type of foundation, configuration and area economics all factor into the inspectors pricing structure. When gas was near $5 per gallon in California or with our recent increase's in income taxes, sales taxes, energy taxes, insurance costs, health insurance costs, etc.. inspection fees will no doubt be different than in lower business cost states... 
December 16 2012
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Who is actually buying investors or real homeowners.

Response
A large portion of monthly sales involve investors to be sure. Blackrock has purchased over 500 homes in the Sacramento area this year. They're just one of many large portfolio buyer groups moving into the rental market.
December 16 2012
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how do you access property lines/bounderies on Zillow.com?

Answer
I'd be very surprised if that informtion was available on zillow.com Normally those records are pulled off parcel documents and or plot plans at building departments. There maybe some basic access much like google earth provides but for an accurate representation of the property lines a visit to the building department or enlisting the services of a surveyor maybe required.
May 16 2012
(1)

Can I have a home inspection as a prospective tenant?

Answer
Wet Dawgs, landlords try to hold tenants responsible for any number of pre-existing conditions. First let's assume that much like a standard home purchace not all sellers/landlords are created equal. If that were the case there would be no disclosure requirements and no real estate attorneys in the world.Now let's begin. Cracked toilets, cracked window glass, damaged railings, worn/torn carpeting, cracked flooring, cracked counter tops, damaged appliances, bent/damaged roll up garage doors, damaged window screens, restricted drains, cracked sinks, missing drain stops, worn/damaged tub showers, broken faucet stops, plaster damage, damaged or missing window hardware, worn/damaged light fixtures/covers are just a few of the items that landlords use to withhold security and or deposit funds.Now let's consider these items, inoperative heating/AC systems, damaged appliances, safety issues such and missing or inoperative smoke alarms, carbon monoxide alarms, fireplace systems that are inoperative or need to be serviced.I often find water damage, active plumbing leaks, mold and or other safety issues. What tenant wants to move into a property and immediately begin the process of repair and remediation or worse dealing with an uncooperative landlord.Even a simple transaction like renting a car has the need for a review of the asset before taking possession or you run the risk of being charged for those pre-existing conditions upon return of the asset.Buyer and in this case "Tenant" beware!
May 13 2012
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Can I have a home inspection as a prospective tenant?

Answer
Good comment Bob, I may have stated the timing portion of that scenario incorrectly. When I perform these rental inspections they are during the walk through portion of the transaction. I guess the lease has been signed subject to inspection. I'm in the coastal area of Orange County where deposits for summer rental beachside homes run in the tens of thousands of dollars. I also perform them on commerical properties and in what might be best described as executive homes where once again the deposits are substantial. Having the inspection will document property condition and in many cases cause the owner to effect repairs prior to taking possession of the property. I'm guessing the reports assist with full refund of deposit at lease termination at least from a property condition perspective. I'm not suggesting have an independent third party home inspection of a studio apartment at $600 per month, this service would offer protection where the loss can be much greater.
May 13 2012
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Can I have a home inspection as a prospective tenant?
Yes indeed! With more and more inventory making its way into the rental market it is becoming more common for tenants to have home inspections prior to deposit and lease signing.
May 12 2012
(1)

Should the Buyer be present during "Their" home inspection?

Answer
Great replys everyone. Let's consider the buyer has maybe been in the prospective property once or twice in many cases for as little as 10-15 minutes. The inspection for a 1600'sf SFD will normally take from 2.5 - 3.0 hours to complete. This is the buyers opportunity to spend quality time on property. They'll be able to witness the dedication, performance and quality of their inspector or lack thereof. It's a chance for them to measure rooms, cabinets, storage areas, etc.. They can have their painting, flooring or other contractors present during the inspection.The buyers should be able to interact with the inspector and other contractors during the process. If and when you're involved in a real estate litigation case one of the first questions to arise is "Was the Buyer present at time of inspection"? then comes, "If not, why not"? You don't want the answer to be "My Agent told me to come by at the end of the inspection".Remember, we not only want escrow to close, we want it to stay closed and have many referrals as a result of same.
May 09 2012
(2)

Home Warranty Companies (CA)

Response
Agents and actual homeowners will have entirely different experiences when it comes to home warranty's. As noted earlier in this thread the Agent is the marketing tool for the warranty companie. Agents routinely receive service far above what the normal homeowner will experience. Since I'm working on the other side so to speak, I hear quite a different story, rarely do I hear positive comments regarding any home warranty policy. Most common complaint... Additional charges to the client above the normal deductable, ie; Replacement water heater will end up costing as much as a standard plumber without a policy as they add on for new flex connectors, over flow pan, earthquake straps, TRP valve, etc.. If you ever have a chance to meet and speak with an ex-subcontractor who worked for any of these warranty companies you'll understand what's really going on within the "Home Warranty Industry" and its not a pretty picture.
May 09 2012
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Broken Downsprout

Answer
From an inspectors point of view, I prefer to see the actual stains and area of water damage without alteration. When we find an area of alteration it's always a concern for the buyer as they can't visually get their heads around the scope of the original issue. If it's a simple case of staining I'd disclose it and leave it at that.BTW, bank REO's are a perfect example. They rarely spend any money on repairs. Most REO's will have water stains, plaster damage, stained carpeting, damaged appliances, etc.. When I walk into one that has been completely patched, painted and re-carpeted my "Trouble Radar" goes off.  
May 07 2012
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