Redfin's Free Inspection Class - Seattle, WA

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  • [REQUIRED – to be updated by the presenter to suit their strong points]
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  • Redfin's Free Inspection Class - Seattle, WA

    1. 1. Home Inspection Class Angelo Ongpin, Redfin Brandon Mauer, On Point Home Inspections November 12, 2013 Seattle, WA @Redfin Facebook.com/Redfin
    2. 2. 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
    3. 3. Working with Redfin
    4. 4. 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
    5. 5. To Buy or Not to Buy
    6. 6. 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
    7. 7. 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
    8. 8. Searching for a Home
    9. 9. 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
    10. 10. Introduction to the home inspection process
    11. 11. 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
    12. 12. 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.
    13. 13. 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
    14. 14. Tools Used • • • • • • • • • Flashlights Probing Tools Thermometers Moisture Meters Carbon Monoxide Detectors Combustible Gas Detectors Digital Cameras Infrared Cameras Training and Experience
    15. 15. 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.
    16. 16. 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
    17. 17. 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.
    18. 18. Choosing An Inspector • Redfin Open Book
    19. 19. Choosing An Inspector
    20. 20. 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
    21. 21. 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.
    22. 22. Exteriors • • • • • • • • Lot Slope and Drainage Siding Condition Windows and Doors Driveways and Walkways Decks and Patios Fencing Retaining Walls Detached Buildings
    23. 23. Vegetation Contact
    24. 24. Weathering
    25. 25. Garages ● Proper Fire Barrier ► Self Closing Interior Door ► No Penetrations in Interior Walls or Ceilings ● Operation of Overhead Doors ► Safety Beams ► Tension Reverse
    26. 26. 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
    27. 27. Foundation Cracking
    28. 28. Supporting Members
    29. 29. Roofing ● Roofing Materials and Condition ► Estimated Age and Remaining Life ● Flashing around Vents, Chimneys and Walls ● Gutters ● Downspouts ● Skylights ● Chimneys
    30. 30. Roof Age
    31. 31. Curled Wood Shakes
    32. 32. Flashing
    33. 33. Clogged Gutters
    34. 34. Faulty Downspouts
    35. 35. Interiors ● ● ● ● ● Wall, Ceiling and Floor Finishes Window and Doors Stairways Fireplaces Safety ► Emergency Egress ► Carbon Monoxide and Smoke Detectors
    36. 36. 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
    37. 37. 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
    38. 38. Insulation/ Ventilation
    39. 39. Plumbing ● Plumbing Materials for Supply and Waste ● Leakage ● Water Heater Age and Condition ► Seismic Safety ● Water Main and Gas Shutoffs ● Possible Sewer Line Scoping
    40. 40. Advantages of Thermal Imaging
    41. 41. Galvanized Steel
    42. 42. 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
    43. 43. Ground Fault Circuit Interrupters
    44. 44. Double Taps
    45. 45. Ungrounded Systems
    46. 46. Appliances ● ● ● ● ● Type Operability Safety Recalls Laundry Connections
    47. 47. End of Inspection ● Summary ► Verbal discussion of the major items ► Opportunity for questions ● Payment ● Full Report emailed by the next morning
    48. 48. 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
    49. 49. 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
    50. 50. All Done!
    51. 51. 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

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