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December 13, 2011

If you like to read our blog, be sure to read our quarterly newsletters!

Summer 2011 – http://www.lhianalytical.com/newsletter/summer2011/

Fall 2011 – http://www.lhianalytical.com/newsletter/Fall2011/

Keep an eye out for our Winter 2011 issue, coming soon!

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Seller Disclosure is the responsibility of the seller to reveal problems with the property to any potential buyers. It is also the seller’s duty to disclose problems to the buyer that the seller should have known about. A statement must be created and signed by the seller addressing each problem.

Seller Disclosure is only required in certain states, and New Jersey is not yet one of them. This policy is easily spreading across many states because seller disclosure reduces liability. This is because if a seller tells potential buyers about all problems in the home, the buyers cannot deny they were told the information later. When a seller discloses the problems upfront, the buyer cannot file a consumer fraud suit which can be very costly to the seller. It is very beneficial to the seller to reduce the liability of the house so they can sell quickly and efficiently while also selling the house for the best possible price.

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In addition, this brings to attention the importance of a professional home inspection.  A professional home inspector can recognize problems and provide affordable solutions to the seller. The inspector produces a home inspection report with a list of all the issues found in the home. It is always less expensive to handle a problem when it is addressed rather than waiting or hiding the information. If a seller chooses to wait and the buyer finds out about a problem, they may ask for most accredited repairs. It becomes very expensive for the seller when the buyer asks for the top-of-the-line appliances and repairs.

Benefits

A pre-inspection home is a service in which a home is inspected prior to listing. This ensures that all repairs are paid for before the buyer purchases the home. This service has many benefits including economic repairs, higher selling prices, and a faster selling process. A pre-inspected home has advantages for the buyer, real estate agent, and seller making for a better sale all around!

When an inspector inspects the home before listing, all economic repairs can be found and attended do in an efficient way. The seller has time to shop around for the best prices and services for the repair. Normally a buyer may ask for nearly twice the repair cost in a credit and the seller obeys to guarantee the sale. This can prevent objections over repairs during the negotiation process. Real estate agents don’t have to worry about the deal falling apart after the contract has been signed. Having the repairs paid for in advance is ideal and makes the house seem more appealing for potential buyers. The home inspector can make suggestions to the seller to permit the house to be more attractive. In addition, if the seller decides not to handle the repairs they can display the repairs in a disclosed document.

Although this service may appear to be a hassle for the seller, it can prove to be worth every penny when the selling process is quick and proficient. The seller can choose to use an ASHI inspector at a time convenient to them instead of being forced to use the buyer’s choice of an inspector. The seller can also correct any misstatements in the report before any buyers have the opportunity to view it.  During a pre-inspection, the number of buyers can potentially increase which in turn can increase the selling price. It can give the seller the highest price in the shortest amount of time. Having an inspection report from a certified inspector will help the seller determine a realistic sale price. In this economy with growing competition it is practically essential for seller’s to have their house stand out among others.

In addition to benefiting a seller, a pre-inspection helps the buyers by increasing their confidence. First, the inspection is completed so the buyer does not have to search for a good inspection, schedule, attend, or pay for an inspection. If a buyer sees a property with a clean report they will be more likely to pursue the deal and move ahead. The buyer can feel assured that there will not be any surprises in the deal. When a buyer sees that all repairs are handled prior to listing, they can feel more comfortable in spending the asking price of the property. A pre-inspection property eliminates the excess costs and hassle included in an inspection completed after the listing.

Pre-surveyed homes is a real estate marketing company provide a property prospectus which is uploaded to your listing page. In the prospectus all positive attributes are highlighted. Photos are provided for all of the property upgrades. The company offers a home warranty coverage which adds to the buyer’s confidence. It is suggested that you combine this service with a virtual tour to provide every buyer the ultimate property description and visual enhancements to help you market your home.

What is mold?

December 5, 2011

Molds (and mildew) are fungi. Fungi are neither plant nor animal but have their own kingdom.  There are over 100,000 species of fungi have been described and it is estimated that there are at least that many waiting to be discovered. The vast majority of fungi feed on dead or decaying organic matter – they are one of the principle agents responsible for the natural recycling of dead plant and animal life.

The most common fungi are currently within our environment and we are constantly exposed to them. For the most part, however, diseases caused by these common fungi are relatively uncommon and are rarely found in individuals with normally functioning immune systems. Over the past few years mold has experienced high profile press coverage. There are many reports concerning lawsuits over air quality in homes and buildings, school classroom environments and home insurers refusing to cover mold damage.

Molds can be found almost anywhere; they can grow on virtually any substance, providing moisture is present. There are molds that can grow on wood, paper and carpet. The key to mold control is moisture control. It is important to dry water-damaged areas and items within 24-48 hours to prevent mold growth. If mold is a problem in your home, clean up the mold and get rid of the excess water or moisture. Fix leaky plumbing or other sources of water. Wash mold off hard surfaces with detergent and water, and dry completely. Absorbent materials (such as ceiling tiles and carpet) that become moldy may have to be replaced.