Home Buyers Guide from Tammy Mitchell Hines & Co. Workbook for Home Buyers | Page 34

Remember, the purpose of a home inspection is to
help you learn things about the home that are not
easily discoverable during your home-buying tour.
IT IS NOT INTENDED TO BE A “LAUNDRY
LIST” OF MINOR REPAIRS FOR SELLERS TO
COMPLETE.
Is there any way I can protect myself against
emergency repair bills in my new home?
YES—home warranties offer you protection against
many potentially costly problems not covered by
your homeowner’s insurance. They’ve become
increasingly popular in recent years, and for good
reason . . . the coverage can save you thousands in
the event of a major mechanical breakdown at a time
when your cash reserves have been depleted by your
down payment and moving expenses.
When looking at homes, ask Tammy Mitchell Hines
& Co Team if a home warranty is offered. But
remember if it is not offered; feel free to ask for it
when writing the offer to purchase. The home
warranty will give you the peace of mind necessary
to feel comfortable in your new home. In most cases,
the warranty plan will cover appliances, hot water
heater, air conditioning units, electrical systems,
garage door openers, plumbing systems, heating
systems, faucets, ceiling fans, and water softeners.
Check with Tammy Mitchell Hines & Co Team
regarding the specifics of the home warranty plan!
How do I determine the amount
of my initial offer?
There is really no rule to use in calculating a realistic
offer. Naturally, the buyer wants the best value and
the seller wants the best price, but negotiations can
be influenced by many factors, such as a seller who
may be changing jobs and wants to sell quickly
or a buyer who really wants a specific home.
After you’ve looked at the home’s features, asked
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questions, checked comparables, and talked about it
with Tammy Mitchell Hines & Co Team, you should
have a good idea of what the home’s value is in the
current market. Consider what you can afford, and
make an offer that you consider to be fair. Most
buyers and sellers negotiate on price with both sides
"giving" a little until both agree.
If I’m moving a considerable distance, is there any
way I can gather informa