What is a 4 Point Inspection?

Posted on by Arona A.
4 POINT INSPECTION

Your offer has been accepted to purchase your dream home, and now you have to set up an inspection to make sure the home is in good condition.

When buying a home, you will have to get a home inspection if you’re getting a mortgage and even if you are purchasing with cash. You want to have a home inspection done no matter what the situation. By having a 4-point inspection done, it lets the bank or the homeowners know the quality of the home that they are purchasing.

A 4-point home inspection includes

  • Foundation
  • Roof
  • Electrical
  • Plumbing
  • HVAC systems
  • Damages caused by termites, flood, fire, and mold.

Any of the above can impact the value of your home. If a home inspection is not done, and later you find out that the foundation is cracked or the roof is rotted, this can be a costly fix for the buyer.

Once something is revealed in the home inspection you can negotiate with the seller for a lower asking price.

Who can do a 4-Point Home Inspection?

  • A Florida licensed general contractor
  • Architect
  • Building Inspector
  • Engineer
  • ASHI Home Inspectors
  • FABI Building Inspectors
  • NACHI Certified Home Inspectors

**A Home Owner cannot do a Home Inspection

Are You Ready To Buy Your Home?

Posted on by Arona A.
Your guide to buying your first home -

Buying a home can be the most exciting time for you and your family. But don’t lose out on the home of your dreams by doing this alone. This is one of the biggest financial transactions of your life, and I want to help you by making this experience less stressful.

As you go through the process you may have questions on –

  1. Downpayment – How much is required as a downpayment of a home?
  2. How do I get a Mortgage for this home?
  3. How do I complete the Mortgage application?
  4. Do I have enough money saved up to buy this home?
  5. Do I have a good credit score?
  6. How do I write up an offer on my dream home?
  7. How do I negotiate to get the best price?
  8. How do I submit an offer on my dream home?
  9. What do I do when the Seller accepts my offer?
  10. How do I get the home inspected?
  11. How do I negotiate repairs?
  12. How do I get a title search?
  13. How do I get a survey?
  14. What are my closing costs?

There are so many things to think about when buying your home. Don’t go through this alone. Call/Text 727-422-9340 I can help you buy the dream home for you and your family.

5 Must-do Home Improvement Projects to sell your home in 2020

Posted on by Arona A.
5 home improvement projects to sell your home in 2020

You’re ready to sell your home, and although you’ve always kept your home in great condition you still need to do some extra maintenance. When selling your home your property has to be in tiptop shape if you’re going to get top dollar when you sell. If you’re selling your home you still want to have your home looking good on the inside as well as the outside. Even if your home is on the market for 3 months or more, you have to keep giving that home your love, even if you have already vacated the home. When your home looks like its well cared for, you get more people interested in looking at it and even get top dollar. Here are some tips that you may already be doing or neglecting.

  1. Landscaping – your lawn should be mowed, trees and shrubs trimmed, flower beds should look lush. Your driveway and walkways should be well lit without weeds and leaves on it.
  2. Gutters – people tend to forget that you get all sorts of debris in your gutters. Make sure that your gutters are cleaned out. By not doing this you can have all sorts of issues with your roof, walls of home and drainage issues. You don’t want to deal with overflowing drains if it rains, or damage walls or foundation issues or drainage issues when selling your home.
  3. Fix Broken things – Buyers tend to check to make sure the doorbell works. It’s one of the things that people tend to forget when getting their home ready for the sale. Lots of times it doesn’t work. This may be something small to you, but to buyers, this can be a big deal. Fix leaky faucets and running toilets.
  4. Critters – go around your home and make sure you don’t have squirrels or other critters living in your attic or other areas of your home.
  5. Clean Windows and Doors – If your home is on the market for more than a month you will have to get those windows and doors cleaned up. Get rid of cobwebs or spiderwebs that may have built up around them. Not doing this will make the home look neglected.

Get your punch list made up, and make sure you’ve got all of these little things taken care of. By doing these small things you can get more return on your investment.


Things to Know about FHA Appraisals

Posted on by Arona A.
Arona Mcginley real estate agent seminole florida. FHA Appraisal

In order to use an FHA loan to purchase a home, the property will have to be appraised and inspected by a HUD-approved appraiser. This is to ensure that the property meets HUDS’s minimum property standards.

WHAT IS AN APPRAISAL?

Only an expert can assesses or determine the value of your home. You get an appraisal to determine the value of your home in today’s market. The appraiser usual has a check list of HUDs requirements for FHA.

Things You Should Know About FHA Home Appraisals

  • HAND RAILS – handrails should be installed along open staircases, and in accordance with FHA/HUD requirements.
  • RAILINGS – has to be installed around, decks, patios, porches and balconies.
  • PAINT – all interior and exterior paint should be in good condition. There should be no distressed paint eg. peeling paint.
  • WINDOWS – all windows should be fully operational and not broken. If it is, it has to be replaced.
  • DOORS – doors should be functional and hanging properly.
  • ROOF – If the roof has leaks it must be repaired or replaced.
  • UTILITIES -utilities must be on and functional at the time of the inspection.

These are just some of the things that will be addressed with an FHA Appraiser. To get more information visit FHA APPRAISAL

If you are looking for more information on selling or buying a home please call/text 727-422-9340 or email: arona.mcginley@gmail.com or fill out the contact form.

Home Ownership for 1st Time Home Buyers Tips

Posted on by Arona A.

Are you a first time home buyer?

When you are ready to buy your home a lender will basically evaluate your overall financial picture as well as other financial factors to see if you qualify for a mortgage. Here are some tips to help you get your loan.

  • Do not quit your job while you are in the process of getting a mortgage, nor change jobs or decide that this is a great time to become self employed.
  • Don’t go out and spend money on huge ticket items like a new car that you would need financing for. If you do this it will increase your debt to income ratio and this then decreases your chances of getting approved for your loan.
  • Do not go on a shopping spree for new furniture to decorate your new home before you close on your home. You maybe tempted if you found the perfect furniture but please hold off on buying any major purchase until after the closing.
  • Do not ….do not lie on your loan application. Do not omit any debts, if you do this it is considered to be fraud to lie on your loan application and you will be denied the loan.
  • Don’t use your credit cards excessively during the process. And please do not forget to pay your bill. Any changes to your spending habits may just prevent you from getting your loan.
  • Put aside money for your closing costs. You can contact the closing company to find out what your closing costs will be.
  • Do not go out and co-sign loans for anyone. This means that you are assuming debt, even if it is someone else that is making the payments. This will also increase your debt to income ratio.
  • Do not make large deposits into your bank account. You may have had an estate sale to get rid of things in your home before you move and made a good chunk of change. Talk to your lender before you deposit that money into your account or any large deposits while you are in the process of getting a loan.
  • Do not change bank accounts during the process of getting a loan. The lenders are looking at your financial stability.

If you are unsure about anything please discuss it with your loan officer