home defects

It’s no secret that the real estate market has slowed down. Rapidly rising interest rates, uncertainty in the economy, and the looming threat of a recession have taken their toll. 

The latest data from the National Association of Realtors (NAR) shows that existing home sales in July declined by 20 percent. Existing home sales in August 2021 were 576,000. But in August 2022, only 451,000 homes were sold—a decline of 125,000 home sales.

With interest rates expected to continue rising into 2023, home inspectors (and all real estate related professions) will be watching home sales activity with a careful eye—and doing everything they can to drum up business. Make sure you stay informed with the latest news and information by subscribing to Working RE’s digital newsletter at:
https://www.workingre.com/

Isaac Peck is the editor of Working RE magazine and the Senior Broker and President of OREP.org, a leading provider of E&O insurance.

Isaac's timely cover story is about the slowing real estate market and how it can affect home inspection business's and others in the real estate profession. 

In a changing market we all need to start thinking more creatively to come up with new and improved marketing to reach the new customer which may be the seller about to list their property.

Listener Feedback Is Always Welcome and Appreciated.
Is there a particular topic I have not covered on the show that you want to hear?

You can become a supporter of the show by clicking this link below, become a supporter and get a shout out on the next podcast episode.
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Please feel free to email me what type of topics you are interested in as well as any other tips to improve your listening experience. john@homeinspectionauthority.com

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🔴 Please Subscribe To My YouTube Channel to receive updates on the video version of the podcasts and hundreds of real home defect videos I find during actual home inspections as well as how to maintain your home videos:
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🟢 If you are in the Los Angeles area and are in the process of buying a home I am available to inspect it for you. You can Schedule Inspection Online 24/7
https://www.h...

Does Size Really Matter? 

How Many System Defects Can A 1000 Sq Ft House possibly Have?

Listen to this podcast to find out.

Don't let the size fool ya they always say, its true these small home issues can easily outweigh a much larger house when it comes to system defects.
Each and every house needs to be inspected in the same thorough manner wether or not its under 1000 square feet or over 10,000 square feet.

This small house had about 40 recommendations and about 10 safety hazards. Most can be corrected by a qualified professional.

John Laforme
CREIA Certified Inspector #0155263

Home Inspection Authority Youtube Channel Link

https://www.youtube.com/channel/UCXzxEH5J8y5EW1lZ3LtDB0A

https://www.homeinspectionauthority.com/

Listener Feedback Is Always Welcome and Appreciated.
Is there a particular topic I have not covered on the show that you want to hear?

You can become a supporter of the show by clicking this link below, become a supporter and get a shout out on the next podcast episode.
https://www.buzzsprout.com/1838062/support

Please feel free to email me what type of topics you are interested in as well as any other tips to improve your listening experience. john@homeinspectionauthority.com

Check out My Shopify Store: Coffee Mugs, Tote bags, T-Shirts
https://homeinspectionauthority.myshopify.com/products/black-glossy-podcast-mug?variant=44158131175643

🔴 Please Subscribe To My YouTube Channel to receive updates on the video version of the podcasts and hundreds of real home defect videos I find during actual home inspections as well as how to maintain your home videos:
https://www.youtube.com/channel/UCXzxEH5J8y5EW1lZ3LtDB0A?sub_confirmation=1

🟢 If you are in the Los Angeles area and are in the process of buying a home I am available to inspect it for you. You can Schedule Inspection Online 24/7
https://www.h...

When you purchase a home, it’s often recommended that you have a home inspection done.
In fact, a typical Agreement to Purchase Form will include a standard preprinted clause with respect to home inspections. This is one of the most common conditions in an offer to purchase a property.  Some agents allow their clients to forgo this step. In a competitive market, this is a condition and one that can put the buyer at a more unfavourable position when presenting an offer. 

So skipping the home inspection and not placing this kind of condition in an offer can be tempting. Before you make the decision, consider the benefits of a home inspection. Because the consequences of buying a home, which one does not know what literally is behind the walls, is scary and a rabbit hole.