McClintick Real Estate, Inc.



Posted by McClintick Real Estate, Inc. on 10/18/2018

In a high competition market, you may be tempted to do whatever you can to entice the seller to accept your offer. Buyers write offer letters, provide large down payments, or waive the inspection. Sometimes, this strategy includes removing contingencies from your contract. 


Beware. Removing contingencies can easily become a nightmare for you as a buyer. Certain contingencies should be kept no matter how much you think you should waive them for enticement. 


The Home Inspection Contingency


This contingency is basically universally recommended by realtors everywhere. This contingency allows you to get a licensed home inspector who will check the property. The inspection typically should be done about 7 days from the time you sign the purchase agreement for the home. 


Following the inspection, you as the buyer can request that the seller make certain repairs. The seller can either make the repairs or provide a counter offer. If you’re not satisfied or cannot reach an agreement, you can back out of the deal and still get your money back. 


Without this contingency, you’ll never know what’s wrong with the home until you move in it. It’s a huge risk to take to move into a home without understanding all of its moving parts. Is the roof stable? Has the basement flooded? Will the appliances last? There are plenty of questions that you might have about a home that can be answered simply through an inspection. 


Financing Contingency


This is an important contingency. Your offer on the property will depend on being able to get the financing you need to purchase the home. With this protection in place, in the event that you can’t get a loan, you’ll get your deposit on the home back. Be sure that the clause specifies the number of days that would be recommended by your lender to have the mortgage approved.   


Appraisal Contingency


This could be the most important contingency of all. This protection could possibly save you thousands of dollars of a headache. Once an offer is accepted on a home, you’re far from done. The lender will typically order an appraisal. If the appraisal comes in lower than the offer you made on the home and agreed to pay, you may have some problems. 


The lender will only lend you what the house is worth. If the appraisal comes in lower, you’ll need to make up for tens of thousands of dollars out of pocket. Make sure you have an appraisal contingency included in your contracts!  


As you buy a home, remember how important contingencies can be in the process.            




Categories: Uncategorized  


Posted by McClintick Real Estate, Inc. on 5/24/2018

The sellers of your home will not be present during a home inspection. It constitutes a conflict of interest. In fact, in some cases, you may never actually get to meet the occupants of a home you’re considering buying. There’s ways that you can get in touch with the sellers. That’s through your realtor. It is a good idea to ask the sellers of a home plenty of questions that may concern you. It will help you to make a more informed final decision on the home you’re considering buying. Getting these answers also can help you to know what to expect once you actually live in the home. Unless you’re buying a short sale or a foreclosure property, you’ll have likely have this opportunity to ask questions.  Most of the things that you’ll ask the seller will be a bit more open-ended. Here’s some ideas of what you might want to ask the sellers of a home:


Have you ever had water in your basement?


While the home inspection can reveal traces of mold and mildew, the fact that water comes into the basement on a regular basis is a problem. Other questions related to this would be, “Do you have a sump pump?” If there are any major signs of water damage, you can ask that it be repaired before you even buy the home.


Have you had any structural problems repaired? Are there any cracks in the walls?


The seller will answer these questions honestly, allowing you to better assess the condition of the home. 



Has your roof ever leaked? When was the last time the roof was replaced?


The typical roof on a home lasts about 25-30 years. If the roof was replaced more recently, you won’t have to worry about it for years to come. The home inspection will also reveal a lot about the roof and any water damage that may have occurred.


How do the heating and cooling systems work in the home? How much do you typically spend on these utilities?


You should find out from the occupants how well the heating and cooling systems work in the home and if there are any problems that have been found. You can also get an idea from the previous owners of how much money you can expect to spend on gas, oil, and electricity in the home. Your home inspector will also give the heating and or cooling systems a good inspection and let you know if he sees any potential problems with the unit.  


Have you made any recent improvements to the home?


A bonus to any home purchase is if a seller has made any major recent upgrades to the home. Everything that the sellers have done from replacing windows to updating the kitchen to replacing the roof is all things that you won’t have to worry about until a much later date. 


Asking questions during a home inspection is always a great idea. It’s also even better if you get an idea of the condition of the home from the sellers themselves. The bottom line is that when you’re buying a home, you shouldn’t be afraid to ask questions!




Categories: Uncategorized  


Posted by McClintick Real Estate, Inc. on 2/8/2018

Once you start the process of buying a home, you may begin to feel as if you know everything there is to know about real estate. There’s so much house hunting, researching and negotiating that the process can be dizzying. Once you get into a contract and start the home inspection process, a whole new host of questions comes to the table. Now, you need to know the nitty gritty of what you’re about to buy. 


Once you hire a home inspector, it could seem like they are speaking an entirely different language. These inspectors will be looking for any and all potential problems with your new dream home. In order to get the most out of your home inspection, you’ll want to ask smart questions.


How Much Of An Impact Does This Have?


Home inspectors cannot legally tell you whether a property is “good” or not. They can only tell you the things they find wrong with the property, or where they see a need for improvement. These inspectors will seem pretty even keeled when you meet them, so they can be hard to read. They’re all about facts. Asking them what kind of an impact a certain problem will have can help you to make a more informed decision. 



Who Can Fix This?


In many states, home inspectors cannot legally make repair recommendations. They can however give you an idea of how easy or how complicated it may be to fix something. You may find that you’ll be able to make simple repairs on your own rather than hire someone for a big price. The only drawback is that home inspectors cannot actually “fix” anything for you. They can only give advice.  


What’s A Priority?


Your home inspector can give you an idea of what issues in the home you are about to buy need to be fixed first. Since the inspector's job is to point out absolutely everything- both big and small- you’ll want to know what has the biggest priority so that you can plan accordingly. If things are at the “end of their lifetime” rather than in need of a simple repair, you’ll understand as a homebuyer how much money you’ll need to shell out for repairs sooner rather than later.   


Where Is That?


Many times as home inspectors as heading through the property, mentioning things that need repairs and attention, you may have no idea what they are referring to. It’s a good idea to have a notepad and and a camera so that you can refer back to what the inspector was talking about. Some inspectors even insert digital pictures into their reports, so you can ask about that when you’re hiring an inspector.   

How Does That Work?


Inspectors can often give you an idea of how different moving parts of the home operate. If you’re new to homeownership, or come across something that you have never seen before, your inspector will be happy to help you figure it all out. It can be a lifesaver once you move in since you’ll already know how much of the house operates.





Posted by McClintick Real Estate, Inc. on 12/7/2017

Whether new or old, many homes can have issues that aren’t obvious from photos. Many of the most common problems in a home have to do with the plumbing system. Since water can be so damaging, it’s especially important to get these issues out in the open prior to sale.

Some sellers might be aware of their plumbing issues, others may have no clue at all. Oftentimes, if a home was previously occupied by only one or two people who didn’t entertain many guests, they may not be aware of the strain that a larger family could have on things like the septic system.

In this article, we’ll cover some of the most common plumbing issues that a home has and help you identify these issues before you buy a new home.

The small fixes

Let’s start with some problems that are common and simple to address. When touring a home or performing an inspection, test all of the home’s faucets. Dripping faucets might not seem like a big issue, but the cost of wasted water can add up on your utility bill.

Leaking pipes are another issue that is seemingly harmless, but can lead to bigger problems that could cost thousands of dollars to repair. Check ceilings, floors, and underneath cabinets for signs of water damage.

Flush the toilets in the house to see if they continue running. Toilets that continue running water is often a simple fix, like replacing the chain or flapper in the tank. However, a leaking toilet could be symptomatic of a bigger problem that could include having to replace the toilet.

Sewer line and septic systems

Ask the owner about the history of the sewer or septic system. Find out if they’ve had problems recently and when the last time they were taken care of. If there is a septic tank or field on the property, look for signs of issues such as the grass having been dug out, water pooling in the yard, or foul smells in the area.

When it comes to septic and sewer issues, always reach out to a professional. They will be able to give you an accurate assessment and estimate of costs.

Inspect the pipes

Spot-checking the pipes in the home will tell you a lot about the state of the plumbing. Pipes that are old, worn, and lacking insulation are signs that plumbing issues could be coming. Rust is a major red flag. The water lines that lead out of the house for lawn faucets should also be wrapped to avoid freezing in the winter months.

Hot water heater

Just like the septic system, you’ll want to ask about the history of the home’s hot water heater. If it’s over ten years old, you might have to replace it soon after purchase.

You should also consider the size of the hot water heater. You’ll want to be sure it can accommodate your expected water usage. If children are in your future, having a bigger hot water heater might be something you want to plan for to avoid cold showers in the morning.





Posted by McClintick Real Estate, Inc. on 11/14/2013

Buying a home can be an exciting time and there is no better time to buy and take advantage of low mortgage rates and prices. Buyer beware, just because it is a good deal you still need to do your due diligence before signing on the dotted line. Here are some potential purchase pitfalls to look for: Do-it-yourself anything Does the home you are purchasing have a great finished basement, new deck or three season addition? Check with city or town hall to make sure the work was done to code and the proper permits were pulled. Things not done to code can be expensive to fix and can ultimately lower the home's value. Structural problems Structural problems are a big red flag. Have a professional home inspection and if need be have a structural inspection on the home. Things to look for include doors and windows that don’t open and close properly and cracks along the foundation. Some cracks may be harmless and normal settling but typically the bigger the crack, the bigger the problem. Structural problems are usually a deal killer as they can be very costly to fix. Insect damage can be part of a much bigger problem. Signs of excessive termite or pest damage does not tell the whole story and often there is unseen damage inside the walls. This may require a special pest inspection to determine if the home's studs have been compromised thus affecting the home's structure. Water damage Another potential problem is water damage. Water damage can cause the failure of the foundation. Water needs to be always draining away from the house. Look for moisture or water stains in the basement. This may indicate a drainage issue. Also be sure to check if the home is in a flood zone. Water in the home can also cause mold. Mold can lead to many serious health issues and is expensive and time consuming to remove. Mold should always be removed by a professional specializing in mold mitigation. Electrical work Do-it-yourself electrical work or antiquated electrical can be a recipe for disaster. When looking at homes be wary of electrical work that has been added on over the years. If the home has an addition make sure to ask if the current electrical system is enough to handle the additional square footage. Be wary of older knob and tube wiring or aluminum wiring this can be very expensive to replace. A professional home inspector should always be able to help point out potential pitfalls in a home before you purchase it. Never skimp on peace of mind. To find a qualified home inspector you can check with the National Association of Home Inspectors.