Wednesday, November 25, 2009

New Construction: Real Estate Inspections

Get Your New Home Inspected! Why do thousands of Arizonans have puddles under their bathroom sinks, windows that won't open & shake with terror when they think about putting their property on the Phoenix MLS? Moreover, what is that smell?

It is the smell of buyers being burned because they failed to secure a real estate inspection. refer to the New York Times article of August 15, 2006, “When Elevators Fail, City Falters” for a perfect example of this serious problem.¹ Real estate inspections became a burning topic in Los angeles when a red-hot Phoenix MLS combined with the strong seller’s markets of 2004 & 2005 caused lots of buyers to not secure adequate or any real estate inspections.

Real estate inspections & new construction, what happened? Not all construction companies are similar. Lots of are reputable, paying great attention to detail, while standing behind their work. Others sprung up overnight due to the recent Phoenix MLS boom & employ unknown & unskilled day laborers off the street, while expecting five supervisor to oversee ten to twenty job sites! Forget about attention to detail! Of work, city inspections are necessary, but they only look for code violations, not shoddy work or outright mistakes. The frightening part is most mistakes can & are sealed in to the walls & floors. This leaves buyers to discover major problems later, after the builder is long gone. Your home represents your single largest investment & honest mistakes can happen no matter whom you select to build with. Protect your investment. Have it inspected.

How can you arrange a real estate inspection? It is easy & most of the work can be done for you! I & agents like me know reputable licensed professionals, who can help you. In my own business, I always provide clients with a choice of at least two honest & dependable inspectors, who have excellent credentials. In addition, I always arrange at least two new construction real estate inspections, a nice agent will. The first is of the plumbing before the foundation is poured. The second takes place after the house has been roughed up, but prior to the installation of the walls & flooring. This real estate inspection allows for a check of the studding, plumbing, electrical & HVAC systems. The third real estate inspection is performed right before the buyer’s final walk through. After the third inspection, a list of necessary repairs is given to the buyer, who can discuss them with the builder.

What is the cost of a real estate inspection? Typically, between $300 & $600, but the final price is contingent on size & location. Nevertheless, this initial expenditure is worthwhile thinking about the expense of rewiring or re-plumbing an entire house! Think about this. You may select to sell your property. Five times on the Phoenix MLS, your point of view buyer will certainly order a real estate inspection. A little fee up front, at the time of construction, can prevent the anxiety of awaiting your buyer’s document & let you negotiate through the sale with the upper hand. Seriously think about it. A relatively little up front expense can let you enter the Phoenix MLS with confidence in lieu of sleepless nights.

Do not get caught in the current Phoenix MLS frenzy! Be clever & protect your hard earned money with a new construction inspection. Later, if you select to sell, enter the Phoenix MLS with confidence. Call me if you require a hand. I can help you make it happen. ¹Ozier. “When Elevators Fail, City Falters.” 8/15/06. The New York Times.

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