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Pam Hornett Realty Group
Pam Hornett Realty Group
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Central Indiana Real Estate News Blog by Pam Hornett Realty Group, Realtors

What You Need to Know About a Home Inspection

For a first-time home buyer — and even for repeat buyers — hiring a home inspector can be a last-minute task the buyer is unprepared for. Depending on the seller, you may have only a few days to find, schedule and get a report from a home inspector to show what types of problems a home might have. This can include checking electrical and plumbing systems as well as the foundation, among many other things. It’s not a job you want rushed. Many home inspectors are recommended by a buyer’s real estate agent, which can come in handy if you’re pressed for time, or you haven’t selected one in advance. Even a newly built home needs an inspection.  A home inspection is not required in Indiana, but as any good real estate agent will tell you, it is highly recommended.  VA lenders will require a termite inspection.  The cost of the inspection will depend on the size and sometimes age of the home and any additional items you want added to the inspection, such as termite inspection, radon test, etc.  Your agent is familiar with many inspectors and knows which ones will give you a thorough and detailed report. It’s also worth being prepared to hire contractors or specialists, such as plumbers and electricians, to check areas of a home that the inspector may flag as needing additional work. Having a home inspector is like going to your general practitioner, your family doctor, who will refer you to a specialist if needed. Unlike a specialist, who will look at specific areas, a home inspector will look at a house as a whole system. A problem in the attic, for example, could be caused by something in the basement, such as moisture in the attic being caused by a leaking vent from a downstairs bathroom.

Hiring an inspector is cheaper...

How to Buy and Sell a Home at the Same Time

Ah, to be a first-time home buyer again: How easy it was to buy a home when you weren’t carrying another mortgage on your back!

If you’re looking to graduate from first-timer to repeat buyer, you know things are about to get much trickier. Unless you’re able to carry two mortgages, you’ll have to sell your home in order to buy anew—adding a whole separate layer of anxiety to what you already know is a stressful home-buying process.

In an ideal world, you’d buy a new home, move, and then, and when all the dust settles, deal with the turmoil of selling. But for most people, that’s totally unrealistic. Not only does it cost significantly more, since you’ll be paying two mortgages, but sellers might be quick to judge if you’re holding on to your current home.  Most try to juggle having both closing at the same time or close on the house they are buying just days before closing on the house they are selling.  That way they have a home to move all of their belongings into without needing to put them in storage in between.

Often you will have trouble getting sellers to take you seriously unless the house was on the market or pending. But as soon as you put it on [the market], you may be considered as “serious buyers.”

You can do this! If selling and buying simultaneously is the only way to go, here’s what you need to know to make sure both processes go as smoothly as possible.

Know the market first

Before you start seriously searching for a new home—or put your current home on the market—consult with your real estate agent regarding the housing market in your area (and the area where you’re planning to buy). Is the market weighted toward buyers or sellers?

Only then...

Home Warranty vs. Homeowners Insurance

We are often asked what the difference is between a home warranty and a homeowner’s insurance policy.

While most people are very familiar with homeowner’s insurance, the assumption is that it covers all types of damage.  At its core, homeowner’s insurance provides reimbursement for property damage by a natural disaster or theft of personal belongings. A home warranty, on the other hand, covers the mechanical failures that result from normal wear and tear of the major systems and appliances in a home.

A home warranty provides peace of mind and protects the budget from expensive costs to repair or replace items like an Air Conditioning or Heating System. This coverage is available to protect sellers while their home is on the market, and it also transitions to the buyer once the home closes.

– See more at:

http://www.hmswarranty.com

http://www.pamhornettrealtygroup.com

http://www.talktotucker.com/pam.hornet

Pam Hornett #4823  logo3b3jpeg...

Buying a House 101

How To Buy A House: 101

So you’ve decided you are ready to buy your 1st house. Awesome sauce! Now what to you do? There are two very important things to do 1st. One, contact me if you live or want to live in Central Indiana, but if you don’t, contact me anyway. I can get you hooked up with a great agent close to where you live now or want to live. Two, contact a good lender. If you don’t have a lender that you know and trust, contact me for some recommendations.

www.pamhornettrealtygroup.com

Why is lender choice important? Any seasoned real estate agent can tell you the frustrations that often come hand in hand with on-line lenders or lenders who don’t have a local presence. A transaction will go much more smoothly when you have a lender who will work hand in hand with your real estate agent. They need to have good communication in order to iron out potential issues and keep things going in a timely manner. Because in real estate “time is of the essence”.

Why do you need to contact a lender before you begin looking for you next home? There are many reasons for this, and it’s not just so the agent knows that you qualify before driving all over the city showing you homes.

  1. You need to know...

Why use an agent with F.C. Tucker Company?

At F.C. Tucker, we can be your single point of contact for all of your real estate needs. When you need brokerage, relocation, title, insurance, mortgage, leasing, home warranty or vendor services, we can make your transaction a success.

Being associated with the number one real estate company in Indiana gives us the resources that allow us to devote more time to you.

  • Sales – More than the next three companies combined.
  • Size – Over 47 offices throughout Indiana.
  • Worldwide Referral Network – Leading Real Estate Companies of the World, the world’s oldest and largest real estate referral network.
  • Online Exposure – TalkToTucker.com, the premier site for real estate information.
  • TrendGraphix – A Tucker exclusive that provides market information.
  • Home Services – The ultimate personalized service for buyers, sellers and past clients.
  • MyTucker – It’s fast, it’s free and it’s another Tucker exclusive.
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