Finding Structural Problems During Escrow – Upscale Home Exa
Article by: Raynor James
When buying and selling homes, , Understanding Insulation the property , Native Trees and Plants For Lehigh County Pa purchase is often subject to a satisfactory home , A Perfect ‘Pet’ Project for Every inspection being done. Now and then, a home , Understanding Insulation inspection uncovers severe structural problems. Here's an example of a situation in an upscale neighborhood.
Severe Structural Problems
Does the buyer walk away when there are serious structural problems? Yes, but not always. A lot depends on the constraints facing the buyer (are they relocating to start a new job, or just "moving up" in the same general area?) and on how much the buyer likes the property. , Native Trees and Plants For Lehigh County Pa The attitude, maturity level, communication skills, , Interior Decorating and Home Decor With Inuit Art from the A and flexibility of both buyer and seller also make a huge difference.
It's easy to see a deal blowing up in this situation. Let me tell you about a situation I saw that actually worked out.
Structural Problems : Upscale Neighborhood
The first involved two professional couples and a house , Whack 'Em Back - Increasing Flowers by Pruning one couple wanted to sell and the other wanted to buy in an established, up-scale neighborhood. The house , Beyond Paint: Decorating Walls With Stencils was a colonial style, all brick, very traditional house , Planting the Sunset Red Maple For Your Landscape built about 15 years ago using top of the line materials. The kitchen , Plant Now for Colorful Spring Blooms and bathrooms , Sealing a Deck had been modernized and upgraded within the past 3 years. Top of the line materials (marble, ceramic tile, , Native Trees and Plants For Lehigh County Pa and granite) were again used.
The house , A Guide to Outdoor Gas Fireplaces was located on an acre lot that sloped gently down to the street in the front. About 10 feet from the right side of the house, , How To Select the Ideal Home Weather Station the lot sloped steeply away to a pretty stream. The lot backed to a treed area of a beautifully maintained, historic estate owned by a university and open to the public on a fee-paying basis.
The home , Interior Decorating and Decor With Inuit Art from the A inspector noticed that the chimney , Edible Trees and Plants on the right end of the house , A Quick History Of The Clock was pulling away from the house. , A Well Chosen Bathroom Vanity Will Make Your Bathroom Look G It was about 2 inches away at the top, but the bottom was still attached. In the basement, , Interior Decorating and Home Decor With Inuit Art from the A there was some cracking along the wall , Layer Your Plantings the chimney , Sealing a Deck was on. The home , Whack 'Em Back - Increasing Flowers by Pruning inspector would not certify the house , Beyond Paint: Decorating Walls With Stencils as structurally sound, but recommended that an engineering firm take a look at it.
The buyer asked the seller to have an engineering study done. The seller was upset but didn't go to pieces. Something was causing the chimney , A Well Chosen Bathroom Vanity Will Make Your Bathroom Look G to pull away, so they called in an engineer. For legal reasons, the sellers also needed to understand what the problem was.
The engineer determined that shrink-swell soil , Native Trees and Plants For Chester County , PA was causing serious foundation problems. They recommended digging down a lot further than the original footers and constructing an elaborate new support system. The sellers agreed to do it and the buyers agreed to delay closing until the work was completed. Thirty thousand dollars later (out of the sellers' pocket), the transaction closed.
In Closing
When considering the above example, what is the moral? If you keep a cool head and look for solutions, structural problems need not be a deal killer.
About the Author: Raynor James is with http://www.fsboamerica.org - providing homes , Understanding Insulation for sale by owner, "FSBO", properties. , The Benefits of Gas Fireplace Logs Are you thinking, "Should I sell my home?" Visit http://www.fsboamerica.org/seller.cfm to sell your home , 8 Ways Carpet Cleaning Companies Take Advantage Of You sale for free for one month.
Source: www.isnare.com |
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