Real Estate Inspection - Do Your Own
Why should you do your own real estate inspection? To get a better deal. It isn't necessary to learn building codes, and you probably should use a professional inspector in any case. The point of learning what to look for is to have negotiating points.
Home Inspection Checklist
With a good inspection checklist, you won't forget things. There are more than a hundred items on my own list. Could you keep all those in mind as you walk through a property? Did you remember to look for water stains on the basement walls the last time you looked at a house? Bring a list!
A good list is organized by area of the house, usually starting outside. As you walk around and then through the home, check each item on the list. Be sure to take notes. If the gutter is coming loose on the side of the house, write that down, along with notes about rotten wood or anything else associated with it.
Don't worry if you don't know the difference between 12-gauge and 14-gauge wiring. The point isn't to become an expert on all the building trades, as useful as that would be. Just use what you do know. Note if something looks "odd" or "smells funny." Then you can have a professional inspector have a closer look.
Real Estate Inspection As A Negotiating Tool
You can, of course, just make an offer on a home with an inspection clause. Then, after an inspector goes in, you can re-negotiate the price based on his findings. This is a common way of doing it. The problem is that it can often offend the seller, and blow the deal. Would you like somebody to drop their offer by $10,000 after they already put it in writing?
A better way is to find as many problems with the property as you can, BEFORE making the offer. That way you can take all of these things into account. Also, a list of the problems presented with an offer is a good impersonal (therefore non-offensive) way to negotiate a lower price.
You don't have to be a carpenter to note that a railing is loose. You can see if a home needs new paint. Real estate inspection can start with simple things like these, and end with a better price for you.
About Joseph A. Vita Joseph A. Vita is affliated with Vita & Associates, Inc., which is located in Lexington, VA. For further assistance please use the contact information located on the right.
As of 05/25/12 the Joseph A. Vita RePage is ranked at 7,674 with 345 points.
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Local Information for Lexington, VA
Latitude: 37.782938 -- Longitude: -79.445198
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ZIP Codes for Lexington, Virginia
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24450 
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Area Code for Lexington, Virginia
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540
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Time zone for Lexington, Virginia
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EST
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Other Area Cities:
Lexington, VA
Buena Vista, VA
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Lexington is an independent city located in Rockbridge County in the Commonwealth of Virginia. The population was 6,867 at the 2000 census. Lexington is about 55 minutes east of the West Virginia border and is about 50 miles north of Roanoke, Virginia. It was first settled in 1777.
It is home to the Virginia Military Institute (VMI) and Washington and Lee University. It is the county seat of Rockbridge CountyGR6. The Bureau of Economic Analysis combines the city of Lexington (along with nearby Buena Vista) with Rockbridge County for statistical purposes.
-- Source: Wikipedia.com
Virginia 2000 Census Population Profile Map
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Lexington |
Virginia |
United States |
|---|
| Population |
6,867 |
7,078,515 |
281,421,906 |
|---|
| Median age |
23.3 |
35.7 |
35.3 |
|---|
| Median age for Male |
21.7 |
34.5 |
34 |
|---|
| Median age for Female |
37.2 |
36.8 |
36.5 |
|---|
| Households |
2,232 |
2,699,173 |
105,480,101 |
|---|
| Household population |
4,598 |
6,847,117 |
273,643,273 |
|---|
| Average household size |
2.06 |
2.54 |
2.59 |
|---|
| Families |
1,080 |
1,847,796 |
71,787,347 |
|---|
| Average family size |
2.76 |
3.04 |
3.14 |
|---|
| Housing units |
2,376 |
2,904,192 |
115,904,641 |
|---|
| Occupied units |
2,232 |
2,699,173 |
105,480,101 |
|---|
| Vacant units |
144 |
205,019 |
10,424,540 |
|---|
Visit US Census
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Joseph A. Vita
Vita & Associates, Inc.
26 North Main St.
Lexington, VA 24450
VOICE: 540-463-9551
FAX: 540-463-4220
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