Buying an Older Northeast LA Home? Inspections are Vital

By: Tracy King Realty   04/15/2016
Keywords: Tracy King , Highland Park real estate , Washington homes , Northeast Los Angeles

Northeast Los Angeles represents one of the oldest areas of LA. But just because the neighborhoods in NELA are old doesn’t meant that they aren’t desirable. Many neighborhoods in that region boast some of the hottest real estate markets in all of Los Angeles. Mt. Washington homes for sale have become very sought after by younger, successful homebuyers, as have homes for sale in Glassell Park, Highland Park and Eagle Rock.

The Northeast LA region is widely known for its vintage, classic style homes that have survived from the early parts of the 20th century and have only survived through renovations and intensive care taking. As time passes, homes continue to wear and issues may brood from beneath the surface.

Before a homebuyer closes a sale on a home, they should complete a full inspection to avoid paying additional fees for hidden nuisances. A general physical inspection should encapsulate the review of the chimney, sewer line, roof, electrical plumbing and pest populations. Sometimes the home seller will conduct inspections prior to putting the home on the market. Before you hire a professional for your inspections, check with the seller to see what inspections they have completed. Sellers are legally required to disclose the results of their inspections with the buyer so you know the outstanding issues and the newly repaired fixes.

Most homebuyers are aware of these facts, as neighborhoods like Silver Lake, Eagle Rock and Highland Park have been in the state of gentrification for several years. Part of that gentrification has been the updating and remodeling of these old, beautiful Victorian homes, Spanish bungalows, Craftsman and even the mid-century modern dwellings.

If you conduct an inspection and find any issues you can negotiate a credit for repairs or insist that the seller corrects the issues before the sale is complete. If you initiate inspections after the sale closes, the repairs will come from your pocket in addition to the final sale of the home. A home is likely the largest investment you own, so begin the process with great diligence and care by hiring a professional inspector to ensure the longevity and health of your home. It will save you time and money and headaches from potential financial burdens after move-in day. These inspections will give you insight on the condition of your future home to keep you aware of the potential issues before they become disasters.

The Condition of Sale is an important document binding the relationship between the buyer, seller and the house. Conditions of Sales are delineated into two sections. Section 1 consists of the seller’s responsibility in the agreement and Section 2 contains the buyer’s responsibilities. For example, in California, a termite clearance is required in the Condition of Sale. Many times this process is completed before the home is listed. So the responsibilities and progress report of the matter will be listed in Section 1. This way the buyer will know if tenting was required and if the issue was solved prior to purchasing the home.

A full inspection of your future home has the power to ease the process of finalizing the closing sale. This inspection will also give you more knowledge of what to expect from the Condition of Sales contract. Enjoy your vintage home in peace knowing that the walls are up to date and that you are building your life on a solid, fixed foundation.

Buying older homes can be tricky and it is best to get some professional guidance from realtors who have proven experience selling homes in neighborhoods like Mt. Washington, Glassell Park and even lesser known neighborhoods like Garvanza and Hermon, small communities with older homes that are being snatched up by homebuyers eager to live in a home - and neighborhood - with character and history.

Keywords: Tracy King , Highland Park real estate , Washington homes , Northeast Los Angeles

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