Well your thought process is truly inspiring, as owning a property under the current market scenario may not be an easy task. But there are couple of companies who are helping people to fulfil financial difficulties. Do also look at improving your home condition where repairing or servicing an old AC can be useful, during summer time.... more
As my colleagues have stated below, this is a matter for you to discuss with your Realtor. The contract and the timeline should be items that your Realtor have discussed with you and have kept track of. She or he would be most happy to help you figure out the timeline for ordering inspections! :)
I do not have access to your contract and I do not have the privilege of being your Realtor to advise you. Congratulations on your purchase.
It's up to you, but from a long-term financial/investment standpoint, you would be better off buying an old house on a large lot. Here in Silicon Valley the long-term value is in the land, not the structure.
That being said, not every decision has to be financially driven. If you feel you will be happy living there, then buy it. You will still make money with this house, just not as much as the old house on a large lot.... more
The standard commission rate is 6%; payable 3% to the listing agent and 3% to the selling agent. Most often I give my clients a 1% discount if I represent both sides of the transaction; buyer and seller. The commission rate is negotiable and not a set rate in California.... more
The high frequency emitter radiation like cellular tower has not been studied much. It is always thought the radiation given it be 10 milli-watt is inversely proportional to one's body. Doctors do not babies to be close or use cell phone due to thin skull wall thickness.
For low frequency emitting such as telephone exchange, transformer humming, high voltage power the studies done since WW2 are mixed. Some European studies suggest it may be harmful. Many dispute lack of using control in the experiment. You can order a ghost chaser detector (preferably high freq and low freq) you will notice a difference. One thing that tells you any kind of radiation is being generated. Your microwave oven shield leaks, router emits high power of radiation. All wireless devices carry fair amount of radiation that one day can be declared unsafe.
I personally do not want to be close to these devices. But someone has to live close to transformers. SC is a competitive place in terms of housing.... more
I always recommend that water quality be tested, regardless of the age of the well or home. You never know the nitrate level, bacteria, arsenic levels, etc. As long as water quality is fine and the pump works, the well should be ok. :)... more
If you have an inspector come out to see the septic system and the inspection passes, isn't that a good thing? If the system still works enough to pass inspection, I would ask the inspector what might need replacing soon. If it does fail, then I would think the seller would need to upgrade it in order for the house to sell. http://www.lanikseptic.com/services.html... more
I like to go to crime reports.com to look up the crime #s for any given address; and then I look up the crime #s for my own address so I can compare what living in my (safe) area looks like. It can be surprising!
I typed in the address of Wilcox High School:
3250 Monroe St, Santa Clara, CA 95051
I do like to compare against where I live now although then sometimes I see crime where I live now and that is always unsettling! I live just down the street from Piedmont Hills High School. One of the advantages in being close to a high school is that the amount of visibility is high -- a lot of people walk and drive by each day.
Regarding lenders: Only the permitted square footage and rooms would count towards the appraisal value of the property. So the third bedroom and second bathroom would not count towards the appraisal value decreasing the value of your property and perhaps the eventual sales price, if the buyer is not willing to pay the difference. I have even seen a lender hold up escrow and force the seller to obtain the correct permits in order to move forward. Certainly, this kind of property would not be up to FHA guidelines. Please check with some lenders to see what the current guidelines are.
Regarding the building department/permits: A neighbor could report that you have unpermitted rooms, and the city could force you to obtain the proper permit and restore the structure to its original permitted state. This could also happen, if the city were to inspect your property independently. From there, if you would like to obtain permits to add a bedroom and bathroom, there would be additional expenses for that.
Every city has its own procedures, and you should check carefully with the planning/building/permits department to obtain detailed instructions regarding how to proceed. Your licensed contractors will be able to help with these matters as well.
Please contact me for more information. I can help you.