Buyer's Protection When Buying A Property

One of the most common concerns from buyers is the condition of the house. Buyers do not want to end up with a house that has lots of problems.

To avoid that, here are five steps to protect buyer's interest in the purchasing process:

1. Buyer's own visual inspection. Some of the problem can be easily spotted such as broken windows, shifted foundation or mold.

2. Agent's visual inspection reports. Both listing and buying agents will fill out a separate report detailing what they see visually about the property and give buyer a copy.

3. Sellers are required to disclose certain types of information about the homes they are selling. Sellers will provide a report to disclose condition of the house.

4. Professional home inspection detailing the condition of the property. Once the defects are located, buyer can ask the seller to fix those problems.

5. Seller will normally provide a one year home warranty plan to cover any plumbing, electrical, pest control, air condition, water heater, roof leak, and/or Pool/Spa equipment A good agent shall be able to assist you in making that request when filling out the purchase contract.

With all the above steps performed, buyer can rest assured that no serious defects are overlooked and can request for the correction prior close of escrow.