Should You Buy A Home Listed “As-Is”

homeAfter the recent housing crisis, buyers were seeing more and more homes listed “as-is”.  This is a strategy that was being used to benefit sellers, but what was not always clear was whether or not this was a good deal for buyers or something that would pose problems later, states Dean Graziosi.

In legal terms, “as-is” is typically used to cover more than the reluctance on the seller’s part to make the necessary repairs that the home may need.  It is also used to release the seller from any liability or responsibility for the current condition of the home.  This means that the buyer purchases the home without a guarantee that it does not have any major problems.

In the majority of cases, there is a reason why a seller chooses to sell their home in “as-is” condition.  This makes it even more important for potential buyers to have a professional inspection performed on the property.  You should choose an inspector who is experienced, and will know what to look for during the inspection process.  An inspection is a valuable source of information for buyers; it can provide them with information relating to problems with the property and may even show them areas that may become an issue in the near future.  If you’re interested in a home listed “as-is” you should always have an inspection performed.

When purchasing a home listed “as-is”, it is important that the buyer understand that repairs on the home will likely not be made.  If the home is an REO, which is a home that is owned by a bank, it may be possible to negotiate some type repairs being performed.  This is especially true if the repairs will be taking care of any safety issues in the home.  Repairs may also be made if there are government mandates that must be followed in order for the home to be sold.

If you’re a buyer who has the ability and funds necessary to make some of the repairs needed, then you may not have a problem purchasing an “as-is” home.  However, if you do not have the necessary knowledge or skills, the purchase of an “as-is” home may become rather expensive.  Once you finalize the sale of the home, it is your responsibility to maintain and repair, which means that you should only make the decision to purchase after you have thoroughly thought over everything that is involved in the process, states Dean Graziosi.  Purchasing an “as-is” home is not a decision that should be rushed into, it should only be done after you have decided it is something that you can financially live with.

Preparing Your Deck for Summer

deckAs we enter summer, it’s time to start making sure that your deck is in great shape and ready for all of the grilling and gathering that will take place.  No matter what type of material your deck is constructed from, you should perform regular maintenance to ensure that it continues to perform well and last for years, states Dean Graziosi.  Regular maintenance will also help prevent small problems from turning into larger ones which are more expensive to repair.  So, before you fire up the grill for the first time, you should perform some relatively simple steps to prepare your deck for summer.

The first thing that you should do is conduct a complete inspection of your deck.  During this inspection, you should look for any damaged or loose board and railings.  If you notice any areas that may have become loose, you should tighten the nuts and bolts.  If you see any boards that may have become splintered over the winter, now is the time to sand them and reseal them.  You should also take a close look at the base and foundation of the deck looking for any cracks or other noticeable problems.  It is recommended that you perform any repairs before you clean the deck.

Once you have taken care of any repairs that were needed, it is now time to thoroughly clean your deck.  To begin the process you should sweep away any debris that may be lying on the deck and in between the gaps of the boards.  You may think that using a power washer is the way to go, but if you do not understand and know how to operate one, you may actually end up causing more damage.  It is recommended that you use a stiff-bristled brush and garden sprayer.  If your deck is constructed from vinyl materials, you can simply use soap and water to clean it.  However, if your deck is made from wood, you may want to purchase a cleanser that is specifically designed for cleaning wood decks.

The final step in the preparation process is to seal your deck.  This is only necessary if your deck is made from wood.  If you have a vinyl deck, your work is done.  To provide your wood deck with an extra level of protection, you should seal it each year.  It is important that you begin the sealing process when you are sure that you are going to have a few days of nice weather and no rain.  You should thoroughly clean your deck and lightly sand it prior to applying the sealant.  Dean Graziosi states that once you have properly sealed your deck, you are ready to begin enjoying the warm summer weather.