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The Advantages of buying a "ReSale" home

What you need to know before making an offer

When looking at homes you have two options, to purchase a newly constructed home or to purchase a “resale” home. There are advantages and disadvantages on both sides. Below are some basic guidelines on what you should know and what you should ask for when making your offer on a “resale” home.

The Home Inspection

It is not required by law, but highly recommended that you get a home inspection on the home you are purchasing. The inspection is usually paid for by the buyer and can range from $250 - $375 depending on the area you live in. The inspector will inspect the home and let you know any defects which he can see. This includes: plumbing, electrical, windows, appliances, C H & A, pool, structural defects, roof and much more. With this inspection you can go back to the seller and ask for a dollar amount to help fix the defects and or get released from your contract.

The Home Warranty

The home warranty is usually paid for by the seller. You will need to ask for the seller to pay this when you are making your written offer. The home warranty usually covers all of the appliances in the home; that they are working and will for the next 12 months. This will include your oven, stove, C H & A, appliances and other equipment in the home.

The Appraisal

The appraisal is to determine the value of the home only. This is paid for by you, the buyer. The appraiser does not crawl under the house or check the roof. He will call an item if it is in his visual range; however, you will need to get a home inspection to know what is going on with the home structurally.

The Termite Report

The termite report is usually paid for by the seller. This will let you know if there is any active infestation, dry rot, fungus and mold. The seller will usually pay for all Section I items of active, current infestation. You can also ask them to pay for Section II items which could soon become active. Ask your real estate agent to help you when making your offer.