If and when planning to purchase a commercial property, the question often arises, 'How Can I Find a Reliable and Competent Building Inspector for Conducting a Commercial Building Inspection? ' While one could easily write an eBook on this subject matter, this article offers several tips to help you hire a reliable and competent inspector for the purpose of obtaining a thorough and diligent commercial building inspection. So without further ado, let me begin by telling you 'What Not to Do '.
Never hire a commercial building inspector who was referred to you by the real estate agent or any other outside party who has a vested interest in and stands to gain from the sale of the property.
Although this statement goes without saying, it 's worth mentioning simply because many of those looking to purchase commercial real estate believe it is standard protocol to rely upon the realtor 's recommendation for hiring an inspector. In reality, this practice poses a conflict of interest that can have dire consequences for the party purchasing the property. Unfortunately, real estate agents who knowingly partake in this practice along with inspectors who continue to burn the candle from both ends know exactly what they 're doing and how to get away with it. While there may be a few exceptions to what I am telling you, I can assure you that the majority of inspectors who rely heavily upon referrals from real estate agents for their business are not going to rock the boat by disclosing
Inspectors, on the other hand, do not have to be accused of fraudulent behavior in order to be sued, they can be sued for serious oversights or errors in judgement. A licensed home inspector will look at the main areas of the home for material defects that could require repairs. A home inspector must conduct the inspection in a reasonable manner consistent with industry standards. After completing the inspection, a written report is supplied to the prospective buyer. The report details any problems found in the home and how the issues should be addressed. But, any issues found should be addressed prior to the sale, and after the sale is complete there is no recourse of a buyer to the seller.4 If the inspector fails to discover any defects that affect the dwelling he/she can be held liable for any damages that are a result of his/her negligence. Furthermore, the inspector can be sued for breach of contract by the party that employed his/her services. A home inspector can insert a clause in his/her contract that limits any liability to the cost of inspection, a reason that contracts should not be signed without scrutiny. Such a clause only applies to the person who signs the contract. In such a case, the buyer would have no recourse. A smart buyer would not sign any contract with a known exculpatory clause, or from an inspector without errors and omissions
Over the last eight years she has helped homeowners deal with problems they have had with their own contractors as well as providing tips, guidelines and resources on avoiding a home remodeling nightmare. Ms. Costello has worked with the Contractors State License Board over the years to help create greater protection and a voice for consumers harmed by unethical contractors. She has testified before the State Senate supporting legislation that would benefit homeowners on construction related issues. You can learn more about hiring building/remodeling contractors, red flags to look for, read other homeowners horror stories and become better informed before you begin your
I have compiled this checklist to provide homeowners, like you, with the basic services you should expect from a professional agent to avoid hiring a Lazy Lister. When you know what you should be given in the form of quality of work and effort by a listing agent, you can confidently interview several agents until you find one that you know will not be a Lazy Lister.
The former is comparably straightforward, consisting of getting training, gaining experience, and keeping up with evolving industry trends. But the commerce or business part is less clear-cut. How an inspector markets himself shouldn't really matter to consumers, but they need to be wise to the ways commerce can be misleading. Because home inspection is fundamentally a referral trade, the inspector may be tempted to take whatever measures he thinks necessary, including compromising honorable standards, to bolster referrals, the preponderance of which come from real estate agents. So important characteristics to seek in a home investigator are honesty, perspective, and fairness.
Ask to find out whether the inspector is experienced handling homes that have features like yours. Ask to see inspection reports that the inspector has completed for similar properties. If the home inspector recommends more evaluation from an outside contractor, it means that they do not trust their work, or knowledge
For example, an unsecured pool area is a major red flag, as is a gigantic, untied doberman on the front lawn. Trees that are overgrown could be threatening to smash nearby windows or power lines, leading to untold disasters. Walk your property and imagine you're hapless, clumsy and prone to filing personal injury lawsuits and that should give you a good idea of the view your inspector will have.
According to Article 1 of the Code of Ethics and Standards of Practice of the National Association of Realtors, realtors owe a duty to their clients to honestly protect and promote the clients’ interests (Realtor.com, 2015). Upon receiving the termination of contract notice, research proved that Mr. Salesperson accepted a higher offer and sold the contracted property to another purchaser. This
Identify and provide your membership of any related professional associations relating to home inspection and/or construction.
Buying or selling a house or an apartment is one of the biggest decisions of a person’s life. And when selling or establishing a price for real estate, people seek out real estate agents to do the dirty work. A real estate agent has to convince a prospective homeowner that he or she is trustworthy and knowledgeable. In many ways, the agent acts as a counselor to individuals and families about to embark on a huge commitment. Real estate agents have a thorough knowledge or real estate market in their community. They
Larkin put "The Building" in the middle of his collection for a reason, it is a pillar that supports the rest of the collection with its long lines and many verses, and because of this, is maybe a bit more clearer than some of his other poems in the ideas and views that are expressed through it. Of course, being a Larkin a poem, there is the obligatory underlayer which so many people miss, but in "The Building" it is easier to discern and comprehend.
“Real estate is a year-round opportunity to help countless people realize the American dream” (“Why Real Estate”, 2012). Eighty-five percent of buyers believe that home purchases are good financial investments, and a majority of homebuyers and sellers rely on the services and expertise of real estate professionals to assist them with their transactions (Profile of Home Buyers and Sellers, 2010). “The primary job description for an agent is communicating with potential clients to determine what kind of property they are looking for” (Richard, 2012). This means, setting up interviews with clients to see if the agents firm possesses property that meets the client’s specific needs. Once it is apparent exactly what the client is looking for, the agent sets appointments to show houses to clients and many times the agent physically accompanies couples while showing off properties.
If you are thinking about starting your own business you may also be considering building from scratch. When it comes to building your own business you really do have a lot of options available to you. Most people will get a loan in order to cover the cost of building the new business. Since you are not building a home a regular mortgage will not be an option for you in this case. You will basically want to look into a new construction loan. New construction loans are basically short term loans that will help you to build your business literally from the ground up. You should keep in mind that these types of loans do carry a very high interest rebate, although in some cases you may be able to get a good deal which would lower the interest rate for. One thing that some people fail to take into consideration is the fact that you will have to make some payments during the construction phase. Some people fail to do their research and find this out the hard way. So don 't think that once your business is up and running then you will have to start payments. You will have to start making the payments even before the materials for your building arrive. One thing that you will want to avoid is getting a new construction loan online. Of course by doing this you will be making the process easier, but you will not have the opportunity to ask as many questions as you should. Remember building your own business is a big step so you want to make sure that you are clear on everything
In Malaysia, the idea of a specific and systematic facility audit for effectiveness, efficiency and performance is in early stages (Musa, 2012). The awareness level from the society is very low. The costly repairs and maintenance may be done as a routine practices, but when the economy is booming only emergency maintenance and repair is attempted (Musa, 2012). (Zunguzane, Smallwood, & Emuze, 2012) added that, the damages and costly repair works are the causes from the improper building maintenance. This has shown us that the main concern was not executed for the maintenance works for the available facilities in Malaysia.
People interested in purchasing properties sometime are laymen and do not understand much about the real estate industry and therefore, it is the duty of the realtor to ensure that the needs of the client are attended to properly and as the law requires. The realtor upon being hired to find a suitable space for a client, he or she becomes their agent. The agent is expected to act in the best possible interest of the individuals they are representing. A realtor as an agent of the client cannot act in the best interest of the client if they are not acquainted with the condominium property act together with the Common Interest Community Associations Act. For me to obtain by Real Estate License I will have to demonstrate my knowledge of the two very important acts.
Finally, many tools were used to document our site visits that would used during the modeling of the buildings. As stated before, PlanGrid was very useful when viewing the construction sheets. PlanGrid was used on an iPad for easy access during the site visit. The iPad, as well as our phones, was used to take pictures of any notable changes or major features of the buildings. The pictures were used as references during the modeling portion of the project. A measuring tape was also used to take the dimensions of sections of the buildings that were not clearly labeled on the construction sheets. For example, the Architecture Annex’s terrance needed a measuring tape to measure its dimensions because the top-down view was absent from the