3 Crucial Reasons to Have a Home Inspection Performed Before Buying or Selling

failure to disclose defectsSearching for a new home can be a long journey, and it’s no secret that coming to the end of that journey can be a time filled with excitement. But getting caught up in that excitement can make you forget to take the necessary precautions when you’re looking at the house you want to purchase.

If you’re really set on purchasing a home, you absolutely need to take measures to ensure it’s safe for you to move into. That’s where home inspections come in. Sometimes there is a failure to disclose defects in a home, and here are three crucial reasons you need to have an inspection performed before you buy your new home or sell your old one.

Saving Money in the Long Run
The initial cost of an inspection may seem a little bit steep, but it’s well worth it in the end. The cost will vary based on the size of the house, but between $300 and $500 is a good estimate. If these inspections aren’t done, issues with the house might crop up later and end up costing you thousands in repairs and in real estate law firm fees.

Selling a Home
Getting involved in a real estate dispute is the last thing you want when you’re selling your home. According to the National Association of Realtors, 77% of homebuyers will have an inspection performed before they make their purchase. In order to avoid any issues after beginning the selling process, a home inspection should be completed before your house ever goes on the market. This way, you can spend time remedying any issues that need to be immediately fixed for the next owners of your home.

Sound Knowledge of a Home
Having sound knowledge of a home before you purchase or sell it is absolutely essential. You could contact a real estate lawyer if you have any issues or if there was a failure to disclose defects, but a home inspection can solve all of those problems before they even become problems to begin with.

Whether you’re on the hunt for a new home or you’re planning to sell the one you own now, don’t ever underestimate the benefits of a home inspection.

What to Do if Your Home Is Facing Foreclosure

real estate attorneyEvery homeowners greatest nightmare is the realization they just might lose their home to foreclosure. Foreclosures happen around the country every day, with one in every 96 homes in 2013 being foreclosed on. This trend leave residents of those homes feeling hopeless and not knowing what to do. Luckily, there are some very useful things to keep in mind if you find yourself facing foreclosure. Here are just a few of them.

Pay Attention to Everything From Your Lender
Here is where having a real estate attorney comes in handy. They can read the fine print on all the documents you have received from your lender during the foreclosure process.

Your real estate attorney can also be of great help when determining the laws in your state. Real estate law can vary greatly depending on where you live. Luckily, it’s an attorney’s job to know the ins and outs of these laws, to better benefit you.

Listen to Your Attorney
Your real estate attorney can know whether or not you have enough to take your case to court. Real estate law cases can set precedent for your case and your lawyer will know how to look for them.

Foreclosing a home is a long process and it can allow you time to build your case. It is important to listen to your lawyer’s advice so that you can figure out what to do next. They will know how to handle situations like this.

Stay Calm
Having your home foreclosed on can be an immensely stressful experience. It is important you remind yourself to relax and think through your options. Getting frustrated and throwing in the towel seems like an easy option, but if you are patient and do your research, you can find a way through this.

Only around one-third of notices result in foreclosure. It’s important you know what you can do to be sure that you can keep your house. Look up government programs or lender alternatives that can help. Receiving a notice of foreclosure is far from the end if you know what to do to fight for your home.

No one wants to lose their home, although getting served a notice of foreclosure may very well feel like there is nothing you can do to prevent it. It is important to remember all the options available to you. We hope you found these tips to be helpful.

For more information on real estate law, please visit dijuliolawgroup.com