What Do I Do with the Termite Report

When you get a new loan, the lender almost always requires a termite clearance. This is a report from a registered termite company that states that the house is free of infestation. It's important to understand that the report is of limited value. In areas where termites are endemic, there will almost always be some infestation. (The report usually states the house to be clear of termites for 60 to 180 days the inspectors know that after that the termites likely will be back.) In order to get a...

What If the Builder is Slow or Stops Construction

You can't make a builder go faster, or put up a home when he or she stops work. Usually, tardiness or a halt in construction is caused by circumstances beyond the builder's control, such as problems with financing, labor troubles, or problems with the local building department The Coming-Soon Syndrome Another friend of mine wanted to buy a new home in a development in Orange County, south of Los Angeles. Jill loved the location and fell in love with one of the models. There were several homes...

Tips for Finding Fixers on the MLS

Pull the lowest-priced properties in each neighborhood. Check for expressions on the listing such as, Needs tender loving care, or sweat equity opportunity. Carefully examine the picture. Almost all listings today come with at least one good color image. Does the house look dazzling, as many a fixed-up place will Or does it look a bit tired Look especially for tall weeds in the front yard, big cracks in the driveway, and temporary cyclone fences. All indicate a problem house. Check out the aged...