Tuesday, November 05, 2019 / by Brooke Cole
One of the most important steps in purchasing a home is the home inspection!
When you buy, the contract has a written number of days for you to have the home inspected before you decide whether you want to move forward. This home inspection period is crucial. During that time, if you determine you want to back out of the deal, you get your earnest money deposit back!
It's so important to see what a licensed inspector has to say of the house. At The Cole Team, we have a list of trusted inspectors you can use!
However, there are a few myths and misconceptions we hear regarding home inspections.
An inspector does not pass or fail a home on the inspection. The home inspector's job is to give you a closer look at any issues they might've found while inspecting the home. Once they send you the report on the defects found in the home, it's up to you to decide whether to move forward with the deal or to cancel.
2. Defects and Repairs
Don't assume a seller has to mak ...
Friday, September 20, 2019 / by Lauren McGinnis
Right now builder confidence has hit a high for 2019. According to National Association of Home Builders, the Wells Fargo Housing Market Index which measures builders attitudes, has reached a record 68 points this month.
The index has been holding in the mid 60 range since May of this year. Readings that are above 50 points are considered positive and show that builders are confident in moving forward with new construction. Low interest rates and a solid demand are continuing to fuel builders sentiments even thought there have been some ongoing supply challenges that have hindered the affordability of the housing being built.
National Association of Home Builders (NAHB) Chief Economist Robert Dietz says, "Solid should formations and attractive mortgage rates are contributing to a positive builder outlook. However, builders are expressing growing concerns regarding uncertainty stemming from the trade dispute with China." NAHB's home building index does indicate that t ...