Easily Replace Circle from the Property Inspection Report

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How to Replace Circle from the Property Inspection Report

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hi everybody so one thing that comes up all the time and its one kind of one of my least favorite topics of turnkeys but its also one of the biggest topics is the turnkey property inspection so you put a turnkey rental property under contract you are in your due diligence period and one of the biggest things on that during that due diligence period is getting a property inspection done by a third-party property inspector you want to verify that the property is actually in turnkey condition and is as advertised um this is kind of officially youre unofficially checking the quality of the rehab you know is there any punch list items left to go um did the provider kind of shaft you on anything the property inspection theres a lot of important due diligence items but the property inspection really ranks up there as by far one of the most important so if you have not seen any of my videos on the property inspection one of the most important things there is a process for a turnkey propert

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What is the main shortcoming of a property inspection?

What is the main shortcoming of a property inspection? Since the inspection only checks for visual cues, it cant identify everything that might be wrong.

What is an example of a home inspection contingency?

Contingencies can include details such as the time frame (for example, the buyer has 14 days to inspect the property) and specific terms (such as, the buyer has 21 days to secure a 30-year conventional loan for 80% of the purchase price at an interest rate no higher than 4.5%).

What should be done after an inspection quizlet?

After the inspection, the manager should do the following: -Discuss violations and time frames for correction with the inspector. -Act on all deficiencies noted in the report by determining why each problem occurred, and then establish new procedures or revise existing ones. It may also be necessary to retrain staff.

Which of the following is true if the buyer finds problems during an inspection?

Which of the following is TRUE if the buyer finds problems during an inspection? The buyer can send a request to the seller asking for those repairs to be made.

What can you do as a buyer if an inspection report finds issues with the home quizlet?

Inspections are an important way that buyers protect themselves on the purchase of a property. If there are problems with the home found through inspections, the seller and buyer may negotiate repairs or the buyer may be able to cancel the deal.

What are the major red flags in a home inspection?

Inspection Issues That Will Cost You An HVAC, furnace, major appliance, or water heater that isnt functioning properly is a red flag that is worth raising to a seller. He seconds the warning about older roofs, not only because of water-damage concerns but also because replacing them can be expensive.

How do I fill out an inspection report?

Inspection Report Writing: 8 Best Practices Dont rush it. Know your report writing template. Cater each report to the property. Stick to the facts. Be concise and understandable. Take LOTS of photos. Manage your risk.

How do you negotiate a problem after a home inspection?

7 tips for negotiating after a home inspection Hire an experienced real estate agent. Only focus on the major repairs. Opt for a credit or price reduction instead. Think long term. Provide supporting documents. Ask for a home warranty. Be reasonable.

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