Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Trading Inspectors!


As sure as the spring flows at the Fountain of Youth, a home inspection provides a stream of knowledge to wash away the fears of homebuyers. But fear may be replaced by frustration if the wrong inspector is chosen!

Should Tradesmen be Home Inspectors?
There are some who say that the best home inspection is an inspection where all the trades are represented by a tradesperson from each specialty. It is said that this situation brings individual and specific expertise to each system. Reports would then be made separately to the homebuyer. This argument states that no one knows plumbing better than a plumber, roofs better than a roofer, or electric better than an electrician, etc.

I will support the idea that no one knows each trade better than a person specifically from that trade, but that approach to home inspecting has several glaring flaws.

  • Flaw #1.
    To inspect the entire home using individual trades people would require more then a dozen people. Roofer, plumber, electrician, framer, mason, heating, insulation, painting, landscaper, pool, fireplace, appliance, tile, and we still have windows, doors and more! For scheduling and crowd control alone, this is a bad idea. However, if we can overcome that problem, then why not? Moving on.

  • Flaw #2.
    It would be difficult to find a dozen or more trades people to do this inspection without the intent to solicit repair work. There is no ethics position that precludes each tradesperson from soliciting work in their chosen trade. That is what trades people do; they work in their trade.

    This "looking for work" mentality puts the objectivity of the inspection process in jeopardy. While it may be appropriate for the tradesperson to make suggestions for improvement or upgrade to a homeowner, this approach is not best suited in the buying process, where the desire is principally of the inspection process to determine if exiting systems are functioning as intended, and perhaps answer component life expectancies questions.

  • Flaw #3.
    The biggest problem, however, with bringing in a dozen trades people to inspect a home is one that cannot be overlooked. In this scenario, NO ONE is charged with the responsibility in putting all the information together, sorting how each item interacts with the other, documenting the concerns in a coherent fashion, and most importantly of all, explaining what it all means to the homebuyer in the context of the purchase and sale agreement.

If real estate agents have ever found it a challenge to deal with the issues discovered during a home inspection by a home inspector, then you have to believe that sorting the detail, or rather lack of detail, from a dozen different trades people is a challenge that could be insurmountable!

Talk about a state of confusion!

Let's leave home inspecting to the professionally trained home inspector and leave the installation and repair of specific systems to the people who install and repair!

This subject and more about the interactions and relationships in real estate are discussed in Wally Conway's book, "Secrets of the Happy Home Inspector", available at GoHomePro.com or Amazon.com. As a speaker, writer, instructor, and host of The Happy Home Inspector radio show every Saturday at 3 PM on WOKV 690, Wally blends the right amount of up-to-date information with just the right amount of humor, insight, motivation, and real-world application.

Visit http://www.WallyConway.com or http://www.GoHomePro.com for more information!


MORE RESOURCES:

Press-Enterprise

REAL ESTATE: California receives up to $18 billion in multistate settlement
Press-Enterprise
“It is a good first step but only a step toward the solutions we need,” said Kevin Stein, associate director of the California Reinvestment Coalition, a real estate consumer advocacy group. In California, the banks have guaranteed more than $12 billion ...
$25B settlement reached over foreclosure abusesThe Ledger
States, banks reach foreclosure-abuse settlementDelmarva Daily Times
Drawn-Out Foreclosures Leave Homeowners in LimboLoanSafe
KTAR.com
all 2,804 news articles »


Chicago Tribune

Shrinking the foreclosed real estate glut
Boston Globe
But it isn't going to fix the nation's residential real estate mess. That mess - millions of homeowners underwater on their mortgages, a stagnant residential sales market that lacks buyers and a clog of foreclosed property - can't be cleaned up with ...
REAL ESTATE: Refinancing program expands for Fannie/Freddie borrowersPress-Enterprise
Online Offers for HomePath Properties Expanded by Fannie MaeLoanSafe

all 148 news articles »


Fort Worth Star Telegram

Evangelical real estate developer brought Santorum to North Texas
Fort Worth Star Telegram
If Rick Santorum eventually wins Texas Republicans over, one of Texas' leading real estate developers should share credit. Last month, Jeff Blackard of the McKinney-based Blackard Group went undercover in South Carolina as a walk-in Santorum volunteer.
Donald Trump: Rick Santorum 'Wants To Be President? Give Me A Break' (VIDEO)Huffington Post

all 535 news articles »


The Free Lance-Star

Vakos Real Estate opened this week in the Southpoint II shopping center.
The Free Lance-Star
BY BILL FREEHLING BY BILL FREEHLING One of the Fredericksburg area's oldest and most prominent development firms has started a full-service real estate brokerage arm. Vakos Real Estate opened this week in a 5200-square-foot space next to a Tropical ...
Who's who at new Vakos Real Estate firmFredericksburg.com (blog)

all 4 news articles »


DOJ: Three NorCal Real Estate Investors Agree to Plead Guilty to Bid Rigging ...
San Francisco Chronicle (blog)
Three Northern California real estate investors have agreed to plead guilty today for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice (DOJ) ...
Three to plead guilty in foreclosure auction fraudSan Jose Mercury News

all 6 news articles »


Real-Estate Crash Aids the Green Movement
Wall Street Journal
By LAURA KUSISTO The real-estate crash left pockets of the region's rural areas littered with the remnants of would-be golf courses, shopping centers and luxury subdivisions that never got off the ground. But the market swoon has yielded an unexpected ...



Real Estate Agent Highlights New Technologies by Bicycling 700 Miles to Mid ...
MarketWatch (press release)
His route takes him across the breadth of four states and through 12 overnight stops, ending on stage before an expected 4000 attendees of the Coldwell Banker Real Estate's International Business Conference. Dyer aims to use a 150-year-old ...

and more »


CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly ...
EON: Enhanced Online News (press release)
PHILADELPHIA--(EON: Enhanced Online News)--The Board of Trustees of the CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) (the “Fund”) declared a monthly distribution of $0.045 per share for the month of February 2012. The following dates apply: ...

and more »


South Bay commercial real estate market heats up
San Jose Mercury News
Silicon Valley developers are racing to erect office and R&D buildings to meet a fresh surge of expansions by tech companies that's turning the region into a commercial real estate boomtown. Last year, the South Bay added about 26000 employees, ...

and more »


The Real Deal New York (blog)

Jets Stadium Chief Sheely Leaves NFL Team for Real Estate
BusinessWeek
Sheely, 40, the Jets' vice president for stadium development and finance, said he'll start a real-estate development company based in New York. The Jets and Super Bowl- champion New York Giants each borrowed $650 million to build what's now called ...
Jets exec starts real estate development companyThe Real Deal New York (blog)

all 4 news articles »

Google News

home | site map
© 2006 TIGER MEDIA