On a recent episode of ABC Extreme Makeover, Home Edition a family wanted to move out of the city area where they lived and own a great piece of Wyoming. They found their dream home on 20 acres. There they would have the space to watch their family grow and have enough area to be able to pursue their passion for saving abandoned and sick dogs and help then on their way to adoption.
The family selected had two small children that were suffering from the effects of high levels of Radon Gas. Many people have never heard of radon gas, nor know its effects. Now, I am not an expert at this, but radon gas is a natural gas that our earth makes in its bedrock, the gas is released through the cracks and can become trapped in your home. It exists in every part of the United States. The gas becomes harmful when it reaches a certain level and become trapped in your home.
So why am I focusing in this, you ask? Well this is a great time to bring up the all important topic that when buying a new home in Wheatfield, Indiana or any other surrounding areas in Northwest Indiana you should always take into consideration having certain inspections completed.
Now many people know that a home inspection is important, but there are many other inspections that can be preformed when buying a new home in Wheatfield, Indiana or any other surrounding areas in Northwest Indiana to protect your family and your investment.
Here is a list of home inspections you should consider completing when you consider buying a new home in Wheatfield, Indiana or any other surrounding areas in Northwest Indiana :
Home Inspection
A home inspector combs your potential new home in Wheatfield, Indiana or any other surrounding areas in Northwest Indiana for a plethora of different problems, issues, and items focusing on major defects. A home inspector spends anywhere from 1 to 3 hours in your potential new home in Wheatfield, Indiana or any other surrounding areas in Northwest Indiana searching and inspecting every inch of it. Now remember he can only report on what he can see.
Mold inspection
If you suspect the your potenial new home in Wheatfield, Indiana or any other surrounding areas in Northwest Indiana can potentially have mold then consider having a mold inspection. Mold can lurk in attics, basements and behind walls in Wheatfield, Indiana or any other surrounding areas in Northwest Indiana . Now again, it is the levels and the type of mold that can be harmful. There are hundreds of different molds in Wheatfield, Indiana or any other surrounding areas in Northwest Indiana , some helpful, and some harmful. Consider hiring an inspection company that will take samples of the air to determine the type and level of mold if it does exists.
Wood Destroying Pest Inspection
Again they exist everywhere in of the United States, including Wheatfield, Indiana or any other surrounding areas in Northwest Indiana . Hiring a pest inspection company will help you determine if your potential new home in Wheatfield, Indiana or any other surrounding areas in Northwest Indiana has or had termites, carpenter ants and wood destroying beetles.
Well and Septic Inspection
Having a well inspection completed will help you to determine if your well is producing harmful levels of bacteria in your water. Having a septic inspection completed will determine is the septic system and tank are holding up, are large enough for the usage, if it is leaking, and if it needs to be pumped clean.
Radon Gas inspection
You can also have your potential new home in Wheatfield, Indiana or any other surrounding areas in Northwest Indiana tested for radon. It of course will be there, but it is the levels that are harmful.
Having one, some, or all of these inspections completed of course is money out of pocket, but consider this an investment. This is an investment into your future and the safety and security of your family and your new home in Wheatfield, Indiana or any other surrounding areas in Northwest Indiana . If you discover any problems prior to purchasing you can one, have the seller fix or contribute to fixing these problems or two it might help you determine if this is truly the home for you.
Gina Bombin, Inspection education for buying a new home, Wheatfield, Indiana Real Estate, Northwest Indiana Real Estate
In these uncertain times of job loss and home values deflating many home owners are lost in what to do when they are faced with the heart wrenching fact that they can’t make their mortgage payments. So, when faced with this realty what do you do? What are your options? Well, what so many people don’t know is that your mortgage company will work with you to help you avoid foreclosure. The fact is they don’t want your home; they want you to make your payments because that is how they make their money. So the question is…
Is there a way to avoid foreclosure?
Well the answer is yes! If you know ahead of time that you are just not going to be able to make the mortgage payments on your home, you have options to help save your credit and avoid foreclosure.
You might fit into one of these two situations:
- You have no equity because you, either just bought your house, or you just refinanced.
- You have built up equity in your home, but can’t refinance because you have lost your qualifying income.
Well, what do you do?…Foreclose or Short Sale?
If you fit into the second scenario, then you need to sell and sell fast, to avoid foreclosure. The way to do that is to sell and list below everyone else in your neighborhood. Many people think that selling high will give you money to pay off other bills, loans, money for expenses, etc. Well, this would be great, but selling your home will relieve you of a huge burden of not being able to make the mortgage payments and save you from going into foreclosure. Everything else can be paid off later. Like my grandma always said, “Don’t count your chickens before they hatch”.
Second, for those of you that have no equity you are faced with having to bring money to closing or you have to foreclose. Well, you have an option of doing a short sale with the bank instead of waiting till the bank forecloses. You will have to sell your home, but the bank will allow you to sell for less than what you owe on your home. Keeping you safe from foreclosure.
So once you believe that you won’t be able to make a mortgage payment, you need to call a real estate agent that has experience with short sales and have them put your home on the market. Notify your bank that you are planning to sell, because you can’t make your payments. The earlier you do this the more time you will have to sell in this slow market. Don’t wait till it is too late, because the bank will not wait to foreclosure on you.
Gina Bombin, Short Sale Professional, Wheatfield, Indiana Real Estate
McColly Real Esate
So we are so excited about the feds possibly lowering interest rates again, well here is the other side of the story that we don’t see.
Posted by: Scott Swinford, Mortgage Planner & Credit Expert In: Real Estate Finance| credit| refinance
It seems that almost everyone is getting excited about the Fed cutting the Funds rate. “That must make money cheaper to borrow, so interest rates will go down”, they seem to be saying.
In fact, rates on 30 year fixed mortgages are as low as I have every seen them.
“This must be a positive sign?” or “This will surely stimulate the stagnant real estate market which many seen to blame for this mess!”
Not so fast…
Enter our enemy “Deflation”.
See, we are used to financing things and feeling fairly secure that the dollars we pay them back with will be less valuable later on. For instance, a $300 mortgage payment was a lot in 1960, but seemed very small when you made that last payment in 1990.
What if prices declined and the dollar was now worth more? People would hold off making purchases thinking the products would be cheaper… sort of like waiting to refinance until the rates drop a “little more”. This could potentially cause orders of goods to decrease, factories to shut down, unemployment to increase and ……. read the rest of the story
Gina Bombin, Wheatfield, Indiana Real Estate, Jasper County Real Estate, NWI Real Estate
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