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This article is a continuation of a multi-part series on the dangers of the Texas Real Estate Commission’s Inspector Advisory Committee’s (IAC) attempts to alter the Real Estate Commission Rules and Standards of Practice that govern the actions of Real Estate Inspectors (aka ‘Home Inspector’). What follows are more examples of how homebuyers and sellers…
DetailsWhether you are buying a home or selling a home, don’t let 3rd parties put you at risk. As a buyer, you are entitled to know exactly what you are buying. As a seller, you don’t want the liability that a lack of disclosure and lack of discovery can create. Sellers should know that the…
DetailsWhat exactly is a Home Inspection Summary? This is an interesting question. On face value, it would appear that the Home Inspector selects the most important deficiencies from all of the deficiencies on the entire report. This approach might help a prospective home buyer when choosing which repairs to ask the seller to complete. It…
DetailsSo the house you are considering purchasing has had foundation ‘repairs’. While I’m sure there are additional questions that occur, here is a good starting point. Buyers should consider asking the following questions: If there was foundation stabilization, was the work performed under the direction and supervision of a licensed professional engineer experienced in residential…
DetailsIf you sold a home and were sued by the buyer for failure to disclose defects, you may be surprised at how things could have gone so wrong. And, your real estate agent’s and their Broker’s actions may be to blame. In a recent issue (JUNE 2012) of TEXAS REALTOR magazine it becomes clear that…
DetailsWe recently learned that the Federal Bureau of Investigation has been asked by the Justice Dept. to investigate Fraud by Homebuilders. The San Antonio U.S. Attorney’s Office has asked the FBI to Investigate Homebuilders. This is a much needed investigation. For too long and too often Homebuilders have been allowed to build homes that leak…
DetailsThere is a distinct difference between the Cost of a Home Inspection and the Fee that an Inspector charges for his/her services. Real Estate Agents across Texas do their clients a considerable disservice when it comes to ‘helping’ their client select an Inspector. Smart Agents know that there is a direct relationship between the time…
DetailsMost everyone who has bought a home knows that there is no such thing as a perfect home. Anyone who has gone through the home building process knows that even when the homebuilder is put under much scrutiny, mistakes get made. I recently inspected a home that is just about to have the insulation and…
DetailsLike every other business, the homebuilding industry has its share of business owners and superintendents that have no business being the ‘face’ of the company. On one end of the spectrum a builder can build a mediocre product and yet have their home buying customer believing the builder is a ‘great’ builder simply because the…
DetailsSeller’s, if you are selling your home, be pro-active when it comes to disclosure of your home’s deficiencies. Reduce your risk of being sued by your home’s buyer by being accurate and up-to-date when completing and offering-up the document known as the ‘Seller’s Disclosure (SD). This is really rather simple. Ask yourself… ‘If I were…
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