How To Buy A Home In Maine

Home Warranty Protection

1. New Home Warranties —   When you purchase a newly built home, the builder usually offers some sort of full or limited warranty on things such as the quality of design, materials, and workmanship.  These warranties are usually for a period of one-year from the purchase of the home.   At closing, the builder will assign to you the manufacturer’s warranties that were provided to the builder for materials, appliances, fixtures, etc.  For example, if your dishwasher were to become faulty within one year from the purchase of your newly built home, you would call the manufacturer of the dishwasher – not the builder.   If the homebuilder does not offer a warranty, BE SURE TO ASK WHY!
2. Resale Home Warranties —   When you purchase a resale home, you can purchase warranties that will protect you against most ordinary flaws and breakdowns for at least the first year of occupancy.  The warranty may be offered by either the Seller, as part of the overall package, or by the Realtor.  Even with a warranty, you should have the home carefully inspected before you purchase it.   A home warranty program will give you peace of mind, knowing that the major covered components in your home will be repaired if necessary.  Ask me for more details about home warrant packages.

Home Inspection

If you are purchasing a resale property, we highly recommend that you have a professional home inspector conduct a thorough inspection.  In a home inspection, a qualified inspector takes an in-depth, unbiased look at your new home to:

• Evaluate the physical condition: structure, construction, and mechanical systems
• Identify items that need to be repaired or replaced
• Estimate the remaining useful life of the major systems, equipment, structure, and finishes

The inspection will include the following:

•  Appliances
•  Plumbing
•  Electrical
•  Air conditioning and heating
•  Ventilation
•  Roof and Attic
•  Foundation
•  General Structure

The inspection is not designed to criticize every minor problem or defect in the home.  It is intended to report on major damage or serious problems that require repair.  Should serious problems be indicated, the inspector will recommend that a structural engineer or some other professional inspect it as well.

You home cannot “pass or fail” an inspection, and your inspector will not tell you whether he/she thinks the home is worth the money you are offering.  The inspector’s job is to make you aware of repairs that are recommended or necessary.

The seller may be willing to negotiate completion of repairs or a credit for completion of repairs, or you may decide that the home will take too much work and money.  A professional inspection will help you make a clear-headed decision.  In addition to the overall inspection, you may wish to have separate tests conducted for termites or the presence of radon gas.

In choosing a home inspector, consider one that has been certified as a qualified and experienced member by a trade association.

We highly recommend being present at the inspection.  This is to your advantage.  You will be able to clearly understand the inspection report, and know exactly which areas need attention.  Plus, you can get answers to many questions, tips for maintenance, and a lot of general information that will help you once you move into your new home.  Most important, you will see the home through the eyes of an objective third party.

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Home inspections are not appraisals.

A home inspection gives the buyer more detailed information about the overall condition of the home prior to purchase. A property appraisal provides an estimate of a property's market value. Lenders require appraisals on properties before loan approval because they do not want to loan more than the property is worth. Appraisals benefit lenders; home inspections benefit buyers.

 

 

 

 

 

 

 

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