Comments on: Beware Of Upfront Costs When Buying A Foreclosure Or Bank Owned Home In Alexandria VA http://movingtonovabuzz.com/2009/04/22/beware-of-upfront-costs-when-buying-a-foreclosure-or-bank-owned-home-in-alexandria-va/ Real Estate Sales Market Reports And Information For Buyers and Sellers In Old Town, Del Ray, Kingstowne, and Manchester Lakes in Alexandria VA Thu, 24 Jun 2010 23:08:39 -0500 http://realty-buzz.com/?v=2.9.2 hourly 1 By: Tamara Inzunza http://movingtonovabuzz.com/2009/04/22/beware-of-upfront-costs-when-buying-a-foreclosure-or-bank-owned-home-in-alexandria-va/#comment-437 Tamara Inzunza Mon, 18 May 2009 02:29:57 +0000 http://inzunza.realty-buzz.com/?p=255#comment-437 Hi Reuben, not all home inspectors do a detailed roof inspection. And if the roof does need to be repair, and the buyer is using an FHA or VA loan, the lender can request a specific roof re-inspection from a certified roofer as a result of the appraisal. I just went through that in a recent transaction. It's an additional expense because the home inspector is probably not a certified roofer. Having the appraiser re-inspect after a lender required repair is also an additional expense to the buyer. Hi Reuben, not all home inspectors do a detailed roof inspection. And if the roof does need to be repair, and the buyer is using an FHA or VA loan, the lender can request a specific roof re-inspection from a certified roofer as a result of the appraisal. I just went through that in a recent transaction. It’s an additional expense because the home inspector is probably not a certified roofer. Having the appraiser re-inspect after a lender required repair is also an additional expense to the buyer.

]]> By: Reuben Saltzman http://movingtonovabuzz.com/2009/04/22/beware-of-upfront-costs-when-buying-a-foreclosure-or-bank-owned-home-in-alexandria-va/#comment-420 Reuben Saltzman Thu, 23 Apr 2009 11:43:45 +0000 http://inzunza.realty-buzz.com/?p=255#comment-420 This is a great list of up-front expenses. Just one question though. Why do you list a roof inspection as a separate service? If the home inspector isn't qualified to inspect the roof, find another home inspector. If a home inspector always recommends a second opinion by a roofing contractor, find another home inspector. There's plenty of us out there that are happy to walk on the roof and tell the buyer if it's acceptable, needs repair, or needs replacement. One other thought - here in Minnesota, I've actually heard of banks requiring buyers to de-winterize and re-winterize. This isn't common, but it gets very expensive for potential buyers. This is a great list of up-front expenses. Just one question though.

Why do you list a roof inspection as a separate service? If the home inspector isn’t qualified to inspect the roof, find another home inspector. If a home inspector always recommends a second opinion by a roofing contractor, find another home inspector. There’s plenty of us out there that are happy to walk on the roof and tell the buyer if it’s acceptable, needs repair, or needs replacement.

One other thought – here in Minnesota, I’ve actually heard of banks requiring buyers to de-winterize and re-winterize. This isn’t common, but it gets very expensive for potential buyers.

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