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Roof Certification All Locations : Nationwide Real Estate Advice

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Activity 119
Showing results for Roof Certification [Clear search]
Tue Apr 22, 2008
Larry Story answered:
Wendy it is actually more common then you might think. Just buy a cheap used stove for know to get it done. Unfortunately this is the problem with the foreclosure and short sale market. It is not exactly meant to be easy.
Sorry I would have thought your agent might have warned you about these speed bumps in this process.
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0 votes 10 answers Share Flag
Tue Aug 18, 2015
Larry Story answered:
Jo Ann,
I guess my first question is what are you looking for in the way of amenities in the community? Do you want a 55 and older community or something else? I deal with a company for some of my clients that specializes in research and information about retirement and vacation areas. Terry Molnar at terry@marianschaffer.com is one of the best at helping people find the area and then the product they need. I am including their website below so you can see for yourself what they can do for you.

If you have any other questions or would just like a referral to a top agent in the area through our international network just let me know.

Larry Story
Coldwell Banker Triad
larry.story@coldwellbanker.com
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0 votes 21 answers Share Flag
Sat Aug 8, 2015
Ute Ferdig answered:
Hi Mark. While you don't have to pay cash, financing manufactured homes is different than financing a stick-built home. Typically, the rates are higher, you need a bigger down payment and there are limitations on how much acreage you can have. The age of the home and what kind of foundation it is on can also be important factors. You should contact a mortgage broker with experience with manufactured homes. If you put a new manufactured home on land, the company that sells the manufactured home will also have financing options. I hope this helps. ... more
0 votes 16 answers Share Flag
Sun Mar 30, 2008
James Hsu answered:
I think that is a very diplomatic way solution to your problem. First, see if you can get an objective opinion of your roof from a roofing contractor. Maybe ask if the roofing contractor could or would give it a 5-year certification...meaning..in his opinion, he thinks that it's in good enough condition that it would last 5 more years. This certification is by no means a guarantee (make sure you and the buyer aren't confused about that point). What this does is provide you...as the seller...a bit more justification for your proposal.

Even if you can't get a 5-year cert, I still don't think its unreasonable in your counter of the buyer's request to say what you said here. There have been no issues with the roof past or present, but you recognize the buyer's situation. Rather than just flat out say no, you would be willing to contribute half to the cost of a replacment ...(oh here's another reason to get a roofing contractor out there to look...you can get an estimate of how much half really will be).

If you're armed with facts and are willing to work things out (as it sounds like you are), then it's not unreasonable to do what you are proposing.

Whether or not it's practical is a whole different subject. I'm not familiar with your area's market condition, but if there are plenty of houses like yours without the roof issues, ..the buyer could simply walk and find something else.

Keep in mind, it's not just what you're offering that matters, it's your delivery.

Good luck.
It's like saying ..Hey..I realize your inspector says the roof is old and should be replaced, .. I've got a roofer that says this
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0 votes 3 answers Share Flag
Tue Jun 26, 2012
Chris Highland answered:
I was hoping someone would ask about this. I've been wondering the same thing. I was just surfing the web about it last week. It's really big on the west coast, and I think its going to be coming here eventually. In a competative market, it makes sense that anything that makes a house stand out from the rest is something worth investigating.
The only thing is, there is so much hype about green technologies, sometimes the truth is hard to uncover. I would like to get some kind of certification if it doesn't cost a fortune and doesn't take a lot of time, and of course, if the designation is actually worth something, or recognized by anyone. Maybe we should see if our associations are considering classes in green certifications?
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0 votes 19 answers Share Flag
Thu Feb 12, 2015
Barbara Ostroth answered:
Don't worry about it vis a vis resale value. Typically, the seller usually takes responsibility for treating for termites or carpenter ants before closing as part of the inspection discussion, as this is sometimes a requirement for obtaining a mortgage commitment on the property. Ask your attorney to request treatment and a 1 year guarantee. You can then have the company come back to inspect at the same time next yeaer, and renew the guarantee for a low cost. P.S. It is VERY common in older homes, and treatable. If you love the home, buy it! ... more
0 votes 10 answers Share Flag
Wed May 14, 2014
Michael Mesa answered:
Jim,

That's a great question. Like any purchase you must determine the wants and needs. In this case, one of your needs is saleability.

Given the vast improvements to today's mobile homes, their quality is rival to and in some cases better than the homes stick built on the lots. That will help you with your exit strategy.

The biggest things to look at as far as breaking even in your initial investment is this. How did you acquire the property? Large down payment? No down payment? Any personal touches that took money out of your pocket?

Lastly, take a look at your proposed financing. How will your loan perform? Is there a prepayment penalty?

While no one can predict the market in 5 years, taking a look at those items will help you ensure that you maximize profits when you sell, and keeps your compass true when you live there.

Hope that helps!
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0 votes 23 answers Share Flag
Sat Feb 2, 2008
Christopher Walker answered:
If this question relates to availability of a loan for a home that is lacking flooring, CALFHA and most other lending programs will not lend without proper flooring installed before close of escrow. This also applies where other health and safety issues are present which can include lack of proper kitchens, baths, leaking roofs, etc. While homes that have been gutted by a prior owner before foreclosure or by vandalism can be an exceptional value, they pose a problem for those looking to obtain loans. When writing an offer on these types of properties, it is important to understand what the lender will deem as a necessary repair and write your offer to include the required repairs. Not doing your homework when looking to purchase these types of properties could put your earnest money deposit at risk. Speak with a reputable lender ahead of time to save headache and heartache. ... more
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Sat Jul 30, 2011
Beth Moran answered:
Wait until spring! You obviously have much to do to get the home ready and most people put their purchases on hold until after the holidays. Get three good referrals for agents and follow through on EVERY one ot them ! You'll be surprised how much you will learn from each agent which gives you the edge when pricing your home. Privacy is always a concern...since Mom spends her time with the snow birds let her go and find an agent who is committed and will do the necessary work to keep your home looking occupied in her absence. Take advantage of the usual cycles and make sure the place is pristine for your first open house...good luck! ... more
0 votes 23 answers Share Flag
Thu Mar 26, 2015
Marc Paolella answered:
Hi Albe,

The basic answer to this question is this: If you are the type of person for whom living in a "prestigious" community is not a value, then areas like Summit, Chatham, and Westfield are all overpriced.

In these areas values are very high because for a significant segment of the population who have the wherewithal to afford these areas, living in a "prestigious" area IS a value.

So if you could care less about prestige, I would consciously avoid these areas, because you are not going to get the kind of value you want for your money.

So, assuming you actually want something for your money beyond an address, you might want to look in Mountainside, Cranford, New Providence, or the like.

If you like, I will send you a "median home pack" so you can see what you get for your money in each community in Union County. Just e-mail a request through my website.

Good luck Albe!

-marc
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0 votes 18 answers Share Flag
Mon Jan 18, 2010
Test answered:
Try contacting philaLab. They are working on some green projects in graduate Hospital and NoLibs.
0 votes 6 answers Share Flag
Thu Sep 27, 2007
Keith Sorem answered:
Jb
I would first suggest talking with a Realtor. An experienced agent can help you in sequencing what needs to be completed and when.

There are two schools of thought on inspections:
Some say that having an inspection before the sale is good because you will know what needs to be repaired. However, others will say, now that you know your property's faults, you are bound to disclose them to the buyer. Without the inspection, what you do not know, you don't have to disclose.

You obviously know that you have some termite damage. Most homes in warmer climates do. My bigger concern is regarding the updating you are thinking of doing. Having a Realtor that knows the local market could be a real plus. They would know what steps you could take that would add the most value...and also the correct order.

For example, the popcorn ceiling may have asbestos, a common building material in the 1970's, now declared a harmful substance. As long as it is encapsulated (meaning stable, and probably painted white on your ceiling), it's of no danger. However, removing it can be expensive. Although it will probably look really nice! A Realtor that knows that market can help you gauge whether or not tackling the popcorn ceiling is worth it...along with your other thoughts.

Good luck!
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0 votes 11 answers Share Flag
Fri Sep 21, 2007
Warren Damiano answered:
Certificate of Occupancy, is required in most towns in order to sell.
It is an inspection usually done by the local official to look for any code violations ie: illegal residences, bannisters on stairs etc.
It is NOT as detailed as a home inspection, each towns look for different things. The Smoke Detector certification may be part of the CO in some towns.
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0 votes 14 answers Share Flag
Fri Jan 4, 2008
Deborah Madey answered:
Hi Mercer,

I am more familiar w/ this in other states than in NJ. In some areas, sellers get their home inspected and ‘certified’ before going to market.

I have had a discussion about this w/ both attorneys and inspectors, and was met with resistance from both, for different reasons.

The inspectors I spoke with were opposed to doing pre-inspections and allowing their inspection reports made available for the public en masse.

The attorneys I spoke with were opposed to having their seller clients do home inspections that may produce a different result than the buyers’ inspector. The attorneys expressed concern whether the second inspection (buyers) showed additional or fewer points. The attorneys advised that the responsibility for inspection rests with the buyer and the seller’s report may be viewed (incorrectly) as an attempt to hide something if the sellers’ inspector failed to detail a finding that the buyers inspector identified. All attorneys strongly endorsed full disclosure of known information and facts, but opposed pre-sale inspections.

The above was based upon my very limited sampling of a handful of inspectors and attorneys and was in no way a complete survey.

I have heard of areas where pre-sale inspections are welcomed and properties carry signage even identifying this. It is not something I have seen .

CO requirements vary considerably from town to town. Be aware of how long the CO is good before scheduling the inspection. It is wise to obtain the CO requirements for your town at the time of listing, or even before. Your Realtor should be able to help you with this info and also provide a bit of history from experience with the particular town. Some towns have lengthy requirements which must be met in order to obtain the CO; while others are quite simple,

Deborah Madey - Broker
Peninsula Realty Group, Inc.
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0 votes 19 answers Share Flag
Fri Jul 4, 2008
Mr.P answered:
You had a professional Realtor as you say "courting your listing" in your home giving you his professional advice. I am sure he gave you comps also. If he said 3.5% commission, and he was standing in your home and he knows your neighborhood? How can we tell you any different ? ... more
0 votes 27 answers Share Flag
Tue Sep 30, 2014
Pam Winterbauer answered:
In my humble opinion I feel that a lower price will attract more buyers.

A second option is to take that extra percent and offer it as a buyer incentive, i.e. credit for closing costs or interest rate buydown for the buyer. I believe most agents don't shop properties based on commissions. Hope this helps. ... more
0 votes 23 answers Share Flag
Mon Sep 17, 2012
Jim Walker answered:
Yes, it helps. Don't think that is merely agent greed either.

Just as importantly to me. It tells me that the seller is motivated to sell, not just "testing the waters"
It tells me that the seller has a smart listing agent.
It tells me that the seller might be willing to do what it takes to get it sold, negotiate in good faith and do what is reasonably expected of a seller such as obtain a roof certification, a clear pest report. and maybe go the extra inch or two.
It also tells me that if I have to kick something in myself, such as a buyer home warranty, that it doesn't have to come out of my base commission. It just comes out of the bonus.
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0 votes 12 answers Share Flag
Sat Jul 28, 2007
Benjaminday answered:
Preview them. As goofy as that sounds, one of our very best agents, $6 million u/c this month, previews all the time. Then she shows 6 to 8 of the best. When you start getting in lots of them, you start figuring out, wow, that's the same plan, with no more discernible value, and it's $15,000 more? It does take time, but if the buyer has your inside-knowledge, pun intended, they'll trust that you're showing them more appropriate houses. On the previewing, take a friend at the office. You can really rip through them quickly and then multi-task and build one another's market knowledge. ... more
0 votes 9 answers Share Flag
Fri May 15, 2015
Vicki Moore answered:
Yes! And more - but don't tell the inspector that. Be sure to attend the inspection to get all that great information that won't be in the report; they'll show the buyer how to update and maintain the property, which is not within the scope of the inspection but sure is helpful. Besides the fact that they're trained professionals, they're up to date on current codes, and should be familiar with the area that the house is located in to differentiate between what is normal for a neighborhood and what isn't. See the ASHI website. Make sure that they're certified. ... more
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