Redfin's Free Inspection Class - Seattle, WA
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Redfin's Free Inspection Class - Seattle, WA

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Redfin's Free Inspection Class - Seattle, WA Redfin's Free Inspection Class - Seattle, WA Presentation Transcript

  • Home Inspection Class Angelo Ongpin, Redfin Brandon Mauer, On Point Home Inspections November 12, 2013 Seattle, WA @Redfin Facebook.com/Redfin
  • Angelo Ongpin – Central Seattle ● Involved in Real Estate since 2005 as a licensed loan originator, investor and real estate broker. ● Closed 3 homes in Central Seattle (Leschi, Cherry Hill and Capitol Hill) in October 2013 ● Specialize in: First Time Home Buyers, Condos, town houses, Single Family, Short Sales. ● Lived in Seattle since 1984 and grew up in the University Village / Wedgwood neighborhood
  • Working with Redfin
  • A Little Bit About Redfin Redfin has refunded more than $100 Million to customers and reaches $8 Billion in home sales; 97% would refer us to a friend. ● Customers, not commissions ● Informed decisions ● Right home for the right price  No obligation  Commission credit
  • To Buy or Not to Buy
  • Why You Should Buy a Home ● You expect to stay put for 5 or more years ● You’re handy & and ready to invest ● You’ve saved up a down payment
  • Why You Shouldn’t Buy a Home ● You don’t have a good reason like family or schools ● You can’t afford a the down payment ● You can rent for much less ● You plan on moving soon ● You’re worried about job security
  • Searching for a Home
  • Redfin.com: Benefits of a MLS-Powered Site ● All the homes for sale: 30% more listings ● You see what the agent sees: 4x the data ● Real-time market data: photos, details of just-sold homes
  • Introduction to the home inspection process
  • Goals of this Presentation • • • • • • • What is a home inspection? What is NOT a home inspection? Common Tools How to Choose an Inspector Scope and Process of the Inspection Report Samples Resource for Questions
  • The Home Inspection is: ● A visual non-destructive inspection of readily accessible areas of the home. – Inspector will inspect (if applicable): the roof, attic, crawlspace, exterior elements including siding, windows, doors, Kitchen appliances, furnace, water heater, bathrooms, plumbing, electrical panel, branch electrical/ fixtures etc.
  • The Home Inspection is NOT: Home Warranty Guarantee Insurance Policy Substitute for real estate transfer disclosure (form 17) Building code inspection Geological stability tests Building value appraisal or cost estimates Invasive-X-ray vision is not provided
  • Tools Used • • • • • • • • • Flashlights Probing Tools Thermometers Moisture Meters Carbon Monoxide Detectors Combustible Gas Detectors Digital Cameras Infrared Cameras Training and Experience
  • Why Should You Have a Home Inspection? ● Your home is usually your biggest investment. A home inspection helps to ensure your investment is a wise and happy one. ● Being aware of what you are buying can help ease the anxiety of purchasing a new home. ● A small investment in an inspection before committing to a major purchase such as a home may possibly save you thousands of dollars later. It is another layer in the process to improve the chances of getting a well constructed, safe and functional house.
  • Choosing an Inspector • You get to choose your inspector • Criteria to consider: • Availability • Recommendation from realtor • Recommendation from friends and family • License in Washington State • Sample report • Reviews • Cost
  • Choosing an Inspector Technically Educated ~ ► 300+ hours book, onsite, classroom, and lab training @ Inspection Training and Associates Report based on National Standards ► Adherence to Washington State Inspection Standards national inspection standards (ASHI, NACHI, NAHI, etc) ► Timely report delivery ► Report is computer generated with photos delivered via email/onsite ► Report summarized and easy to read. Major Concerns, Safety Hazards.
  • Choosing An Inspector • Redfin Open Book
  • Choosing An Inspector
  • Overview of Inspection Process ● Homebuyer and inspector mutually agree to an inspection ● Homebuyer, agent, and inspector meet at the property ● A brief description or what the inspection will entail, and signing of the pre-inspection agreement will take place ● The inspection takes place, usually lasting from 2.5 to 3.5 hours ● A overall opinion of the house inspected is shared with the homebuyer and the agent after the inspection ● A report is completed and sent to the homebuyer, usually done within 24 hours after inspection ● You and your agent discuss the report and ask to make changes to the home if needed
  • Cost of Home Inspections ● $300 - $400 is the average home inspection. ● Usually price is based on overall square footage of home. ● The home buyer typically pays for the inspection when the inspection is completed. ● Detached garages, mother-in-law, outbuildings and other structure s are usually not part of the home inspection, and have added costs associated with them. ● The majority of homebuyers pay with a check, although most inspectors accept major credit cards and cash.
  • Exteriors • • • • • • • • Lot Slope and Drainage Siding Condition Windows and Doors Driveways and Walkways Decks and Patios Fencing Retaining Walls Detached Buildings
  • Vegetation Contact
  • Weathering
  • Garages ● Proper Fire Barrier ► Self Closing Interior Door ► No Penetrations in Interior Walls or Ceilings ● Operation of Overhead Doors ► Safety Beams ► Tension Reverse
  • Structure ● ● ● ● Foundation Roof and Attic Crawl Space or Basement and Sub Flooring Interior Evidence of Structural Movement ► Doors and Windows Sticking ► Diagonal Cracking in Drywall ► Sloping Floors
  • Foundation Cracking
  • Supporting Members
  • Roofing ● Roofing Materials and Condition ► Estimated Age and Remaining Life ● Flashing around Vents, Chimneys and Walls ● Gutters ● Downspouts ● Skylights ● Chimneys
  • Roof Age
  • Curled Wood Shakes
  • Flashing
  • Clogged Gutters
  • Faulty Downspouts
  • Interiors ● ● ● ● ● Wall, Ceiling and Floor Finishes Window and Doors Stairways Fireplaces Safety ► Emergency Egress ► Carbon Monoxide and Smoke Detectors
  • Heating and Cooling ● ● ● ● ● ● ● Heating System Type and Condition System Age and Remaining Lifespan Combustion Air and Venting Distribution throughout Home Air Conditioning Systems Underground Oil Tanks Recalled heating units
  • Insulation and Ventilation ● ● ● ● ● ● Insulation Type and Level Adequacy of Attic and Crawl Space Ventilation Vent Fans Discharging to Exterior Moisture Barriers Rodent Activity Organic Growth
  • Insulation/ Ventilation
  • Plumbing ● Plumbing Materials for Supply and Waste ● Leakage ● Water Heater Age and Condition ► Seismic Safety ● Water Main and Gas Shutoffs ● Possible Sewer Line Scoping
  • Advantages of Thermal Imaging
  • Galvanized Steel
  • Electrical ● Size and Location of Service Drop ● Main Electrical Panel (Recalled Panels) ► Breakers and Connections ● Secondary Panels ● Branch Wiring ● Outlets and Fixtures ● Ground Fault Circuit Interrupters
  • Ground Fault Circuit Interrupters
  • Double Taps
  • Ungrounded Systems
  • Appliances ● ● ● ● ● Type Operability Safety Recalls Laundry Connections
  • End of Inspection ● Summary ► Verbal discussion of the major items ► Opportunity for questions ● Payment ● Full Report emailed by the next morning
  • The Inspection Report ● Report ► Turnaround: Same Day, Next Day, Few Days ► Formats: Checklist, Narrative, Pictures ► Delivery: Hard Copy, Email, Online Download ● Recommendations ► Major Concerns ► Safety Issues ► Repair Items (Professional or Homeowner) ► Improvements ► Maintenance
  • The Inspection Report ● Review Report with Your Agent ► Items You Would Like Seller to have Fixed by licensed professionals. (Recommendations in the report should be followed). ► Items You Will Fix ● Recommending Contractors ● Follow up with your Inspector for questions after the inspection
  • All Done!
  • After Class… Please fill out the survey that was handed out at the beginning of class. We appreciate the feedback! Check out our upcoming classes and events at: http://www.redfin.com/events Questions? Get in touch: Angelo Ongpin angelo.ongpin@redfin.com