Buyer’s Don’t Let “As Is” Scare You

Seeing “as is” on a home listing can make some homebuyers nervous. The first thought often is, “what’s wrong with the home”? In fact, the term “as is” should not scare you away from a home that otherwise looks like a good fit. Understanding the term, its use, and how to approach the situation can lead to a great deal and good investment.

First, “as is” does not necessarily mean “fixer-upper,” even though this is a common belief. Most often, the term “as is” is simply the seller’s way of letting prospective buyers know that they do not want to be bothered making minor repairs.

Writing an offer on an “as is” listing does not mean that you agree to take the home in any condition, nor waive your right to have inspections. It’s important to do thorough inspections and investigations of any home you consider buying. After carefully reviewing the condition of the home, you can still request repairs or credits during your inspection period, even on an “as is” home listing. The sellers may or may not agree to do some repairs for major issues to ensure the conclusion of the sale.

Finally, some homes are in such poor condition that the “as is” description is a true warning. These homes may not qualify for traditional financing and require serious consideration about the cost and effort to repair. Most of the time, if the home appears to suit your needs, you can feel confident moving forward with the process. “As is” does not need to be scary and it does not mean you can’t still make informed decisions after an inspection.

Ask the Right Questions: Tips for Getting Moving Quotes

Buying and selling a home can be stressful. Once you’re ready to move, the relief can leave you vulnerable to scams. Frankly, you’re so happy to be “done” that you can overlook red flags in your excitement. To protect your belongings and avoid extra costs or loss, learn the signs of scams when moving.

The first step is to do your research. Always make sure the moving company comes to physically inspect your belongings and gives you a firm quote. Some companies may try to give you a quote based on the size of your home or number of bedrooms, then charge you more based on time or weight. Do not hire these companies. A reputable company will spend the time to come to your home.

Next, it’s critical to check references. Ask for local references and call them. Online references and reviews can also be a good way to learn more about service and their response to problems. Ask about how they handle damage and check reviews for the insurance they offer. Ideally, you want a third-party insurance company and you may even have coverage with your own homeowner’s insurance.

Finally, get multiple quotes. Read the contracts carefully and make sure you ask about anything that can change during the move, such as delay fees, storage fees, or weight charges. Never make a large upfront payment and most companies only require a small deposit at the time of the move.

It’s natural to relax after the close of a new home, but you can avoid moving scams by staying vigilant and trust your instincts. Ask about anything that doesn’t make sense and check references. The lowest cost provider is likely low cost for a reason.

10 Questions You Need to Ask Your Contractor Before You Hire Them

Hiring the right contractor can mean the difference between a successful remodeling project and a nightmare. The contractor is responsible for hiring the best tradesmen, budgeting, ordering raw materials, timing, and much more.

Before you meet with a contractor, it’s important to prepare. Not only should you be clear about the scope and goals for the project, but you also need to have questions about their business and these 10 questions can help you ensure you are hiring the best person for your needs.

1. Are you licensed and bonded? Can you provide information about your insurance coverages and exclusions?

2. What kind of project management system do you use? What is your communication cadence with your team and with me?

3. What is your policy regarding the cleanliness of the job site? How do you ensure employee safety on the job site?

4. Do you have a portfolio of similar projects and recent work with photos and/or videos?

5. Will you give me some references of recent past clients?

6. Can you provide me with a sample contract in advance for review?

7. How are selections and allowances handled?

8. How are payments handled? Will you provide a payment schedule?

9. What is the estimated time frame for planning, start date, and completion?

10.What penalties will you pay for delays caused by your team? How is fault defined for delays? Is this in the contract?

Remember, a home remodel can cause a great deal of upheaval, weeks or months of workers, delays, and adjustments. While you can’t plan for all contingencies, you can hire the best possible contractor. This puts you in the best position for a successful project.