Short Sales and Foreclosure homes and condos need to be documented at home inspections different than a standard inspection. I’ll explain why while doing a home inspection in Wilmette, Illinois.

August 10th, 2010

If you are buying a foreclosure or short sale home or condo then this article is for you.  Documentation is different for all of these types of sales.  The most stringent is the foreclosure home inspection report.  I’ll get what items are needed to be documented  while at a home inspection in Wilmette, Illinois.

The short sale home inspection is probably the easiest of the three due to the fact that the owner is still involved along with the bank.  The bank will require a copy of the report if issues are found that need correction.  Generally, they will only qualify repairs if they are for safety or health issues.  These issues are: mold, radon mitigation, hand rails on stairs and issues that they now would have to disclose to another perspective buyer.  We document every home inspection as though it were a foreclosure/short sale home inspection.  Its hard for a client to ask for repair or replacement allocations if there isn’t documentation. We like to give prices for repairs also.  You can see some of these prices at ~ http://www.pinnaclepropertyinspection.com/repair-replacement-costs.html.  My clients from the Wilmette home inspection used these during their negotiations.

The foreclosure home inspection needs to be documented more than any other inspection because the underwriter from the bank will require it for financing for the buyer.  The underwriter wants to make sure that they are not financing a home that will require a buyer to make serious repairs that they might not be able to afford along with a monthly mortgage.  You can see a sample report at ~ http://www.pinnaclepropertyinspection.com/sample-report.html.  This is what we  emailed our clients from the Wilmette home inspection.  As you can see the more information you give, aids the client to understand what they are purchasing.

As you can see there isn’t “a one size fits all inspection” and all home inspections need to be approached differently.  If you have questions about foreclosure home inspections or short sale home inspection please contact us at ~ http://www.pinnaclepropertyinspection.com/about-jim-kolke.html.

Thanks for stopping by.  Jim Kolke

Gfci type electrical outlets are explained why needed at Wilmette home inspection.

July 20th, 2010

What is a Gfci type electrical outlet?  You will learn where these outlets should be installed and how they protect you through a home inspection I performed in Wilmette, Illinois.  These outlets are extremely important for the safety of the occupants of your home.

I will start out explaining how these outlets work.  This is what I had to do also for the clients of the home inspection in Wilmette.  It is really a pretty basic concept.  The gfci outlet has a breaker built into the outlet that is set to a certain amperage.  If there is a spike in the electric the breaker will pop out and stop the electric currant running thought the outlet.  To use the outlet again, you will have to reset the breaker switch in the outlet body.  These outlets were designed to protect against electrocution.  That usually happens when water and electric are introduced to each other.

The next portion of this article is the location of gfci type electric outlets.  These outlets should be in all the areas I will list below to protect your family from possible electrical accidents. We like to see these outlets in areas any where water and electric can meet.  This is what I explained to my clients from the Wilmette home inspection.  The exact areas they should be located in as follows: kitchens, bathrooms, laundry rooms, garages, exterior areas of a home, crawl spaces, unfinished basements, attics.  So you find areas that you don’t have these outlets?  Don’t worry they are reasonably priced to replace.  Generally, the outlets cost $7-$10 an outlet.  You can hire an electrical contractor and have them installed for you.  You can see prices of what you should pay at our replacement page at ~ http://www.pinnaclepropertyinspection.com/repair-replacement-costs.html.  If you don’t want to pay someone to do your electrical work you can do it your self.  Don’t know how?  Ill show you at ~ http://www.pinnaclepropertyinspection.com/blog/wp-admin/post.php?action=edit&post=777.  This is a blog where I explain step by step how to change out an outlet.  So now you can see how easy these outlets are to install and how important they can be for your family’s safety.  My clients from the Wilmette home inspection did not realize how important these outlets are.

If you have further questions about this issues or other home inspection issues please contact us at ~ http://www.pinnaclepropertyinspection.com/about-jim-kolke.html.

Thanks for stopping by.  Jim Kolke

Wilmette home inspection explains why every home bought or sold needs to be inspected.

June 12th, 2010

Are you buying a home?  Are you selling your home?  This is a time when big mistakes can be made for being to frugal or plainly to cheap.  Many people do not believe in getting a home inspection prior to buying or selling a home.  In my opinion, that is a big mistake for little money.  A 3 bedroom and 2 bath home can be inspected for as little as $300.00.  Recently, we were hired to inspect a home in Wilmette, Illinois and the home was a 3 bedroom/2 bath home.  The inspection found $2300.00 in issues that needed to be repaired or replaced.  As you can see, the inspection cost was approx. 12% of the repair price and under 10% of 1% of the purchase price of the home.

The same Wilmette home inspection was able to inform the owner of the home through the repair summary of dangerous issues found in the breaker box that could have caused electrical outages or even worse … fires!   I’m trying to educate home owners and home buyers about items that can be dangerous in their homes and how to repair them.  Their is nothing worse that uncertainty in a home .  We give our clients real costs that they can hang their hats on.  You can  see some of these costs at~http://www.pinnaclepropertyinspection.com/repair-replacement-costs.html.

The same Wilmette home inspection can aid home sellers in knowing what repairs they will be liable for if a perspective buyer would hire a home inspector to evaluate their home.  There really isn’t any negatives in getting a professional home inspection.

Please contact us if you have any questions on how to find a quality home inspection company at~ www.pinnaclepropertyinspection.com  Thank you~ Jim Kolke

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June 6th, 2010

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