When a home inspector gets sued, several things tend to happen. At first, the inspector is often dumbfounded; did he miss something on the inspection? Well, the Client apparently thinks so! But, what happens next?Well, if the inspector carries professional liability insurance, such as an Errors and Omissions policy, the inspector may need to immediately tender the complaint to his carrier. Depending on the coverage and terms of the policy, the...more
Theres an interesting question. While most disputes surrounding home inspections primarily deal with allegations of negligence on the inspectors part, what recourse actually exists for the defendant or plaintiff? Well, there are always the courts. Cheap you say? Maybe. Sure it only costs a couple of bucks to file the complaint, but what about costs thereafter? There are court costs, depositions, time lost, and more. Strong positions sometimes...more
I exceed the Standard of Practice. Many inspectors make this statement all the time. Many put it in their brochures and on their website. But, what exactly do they mean? What measure can anyone apply, with any degree of certainty, to gauge what can be expected of an inspector who exceeds the standard of practice? I suppose it can mean that whatever the SOP dictates is a minimum inspection standard is enhanced. Okay, Ill buy that. But, now comes the next logical question: is everything in the SOP exceeded, or only certain things and how far will the inspector go beyond the minimum? Am I guaranteed that what the inspector did on his last two inspections will also be done on mine? How can one guarantee that the inspector exceeds the SOP in all cases, uniformly, and on every property?The problem is that you cant. A Standard of Practice is called a Standard of Practice for a reason; it creates a standard. Once that standard is exceeded, the dynamics and expectations between Client and Inspector are automatically changed. Beyond that, the inspector needs to be careful that he or she has not raised the expectations of the client beyond what can be reasonably delivered. Where the specter...more
Doing everything yourselfThe internet has tremendously made it easy for every buyer to learn the usual tasks reserved only for real estate agents. This is one of the most common blunders homebuyers make when looking for homes for sale online. While there are certainly several tips and heaps upon heaps of helpful inside knowledge regarding real...more
You are budget-savvyIt takes years of practice to become a good budgeter. Clearly defining your wants from your needs is greatly helpful in planning monthly expenses. If youre blessed with good money-management skills, you know youre on your way to Miami Beach real estate homeownership. You have a substantial down payment readyOf course, how can...more
FinancesGet your finances ready. The first step in home-buying is to know just what kind of Fort Lauderdale real estate property you can afford at what price range. This is important in determining, in turn, how much you can borrow. If youre moving to the city, the first thing you need to do is to look for a neighborhood that is well within your price range. It will even be tremendously helpful if you get a good faith estimate or GFE from your lender, to help you stay away from pricey homes as well as those below your price range.House HuntYou dont have to rush things. Remember that buying a home, especially if for the first time, is a serious matter. Browsing multiple listings can help you stumble on amazing deals. Also, dont limit your resources. Nowadays, one of the most popular ways of finding the right home is through the internet. Look for online listings that host a huge library of Fort Lauderdale real estate properties. Set Your Standards RightEven before looking for a home, you should know exactly what youre looking for. You must visualize your own idea of the perfect home for you and your family. Of course, the house should be within your price range. However, while...more
During todays tough financial times investing in a home can be quite a challenging task, but with a large number of foreclosures for sale available in the market prospective home buyers can now find some good bargain deals. Foreclosures for sale...more
If you are thinking of purchasing your own house, considering investing in a foreclosed property would be the wisest option for you. With a large number of foreclosures being offered at highly affordable prices and in some of the best locations in...more
When it comes to investing in profitable real estate ventures, prospective home buyers can find some of the best value deals in foreclosed homes. In these tough financial times, a large number of properties are being foreclosed by banks and mortgage...more
If you are on the lookout for a prime real estate property, opting for foreclosure homes is one of the wisest decisions you can make. With their comparably low prices and properties located in some of the best neighborhoods in the country...more
There are different plans and possibilities for anyone who is seeking to buy his or her own house and stop spending massive amounts of money each year in the payment of a rent. Leasing a house or an apartment could be a good idea for a short period,...more