What I Wish I’d Known Before Buying My Home

– Things I wish I knew before I bought my first house. Okay let me introduce out panel. This is.

– Things I wish I knew before
I bought my first house. Okay let me introduce out panel. This is Elizabeth Misco and she’s here wearing two hats. One, she works with the
renovation loan program with University Lending group and two, she’s also one of our educators. She helps Tallahassee Lenders. You know, I just realized I
didn’t tell you who I was. I’ll tell you in a minute. She also works with Tallahassee Lenders to educate out first time home buyers. That’s a whole program that you go through that teaches you all of the
things that you need to know and understand about
mortgages and inspectors and appraisers and all those things. She’s very knowledgeable
to have on our staff. Next we have Mr. Raney Oven. He is a long time inspector. He is a certified HUD inspector. His company is Southern. – Home Consultants. – Southern Home Consultants and he is an invaluable source. He’s always helpful to Tallahassee Lenders and makes sure that
his staff of inspectors knows their onions, and
believe me, they do. And next we have Ms. Wanda Carter. She’s with Keller-Williams. She’s a realtor. She’s gonna give us the
realtor perspective. Let us know how it is
to work with a realtor, what you need to ask,
what you need to look for. And then we have a home buyer. This is Ms. Erica Puckett and she bought her first home
using Tallahassee Lenders and she went through
with some of these folks and we’ll talk about her experiences. We are so happy to be here and to explain all these things to you. The way this will work is the topic is I’ve already said, what do I wish I knew before I bought my house. All right so what I wish I knew before I bought my first
home and let me tell you, I’m Gwen Lightfoot, I’m with
Tallahassee Lenders Consortium and I’ve been working in
affordable housing for 40 years. I mean I’ve done single
family, multi family, I’ve done it from the
government perspective and I’ve also been on the
other side of the table in the developer world so
there’s a lot of things that I can help you with
on a one on one basis if you have questions after
our what do we call this? Seminar. Okay so I’m gonna start with the realtor because I think when you’re
out there looking for a house, you don’t, the first you don’t know what in the world how do I find a house unless your neighbor down the street has a house that you really want and they tell you about it. How do you find out that there’s a house that you want to buy? Ms. Wanda. – Good morning everybody and I hope we’ll keep this interactive so if something that I say along the way and I’ll be brief so that everybody can have their chance to speak too but I will give a general
idea of getting started working with a realtor and
why it can be a benefit to a consumer to make your search a little less stressful
and a little more efficient than trying on your own though there’s a lot of information now way more than ever has
been available to consumers to do your search on your own. I know all of you know what Zillow is and realtor dot com and there are several. You can Google things now
so I started asking myself I got in real estate in
2008 when in the down turn when everybody was wondering why I was getting involved with real
estate but it’s because I really like it from
several perspectives. What role could I still offer as a realtor to somebody wanting to buy a house when they can pretty much
find a house themselves? And I realize too that we
have not done as realtors a great job of helping
you understand our value and what we do because
it’s sort of just organic to the process. Quickly I’ll just sort of
outline what a realtor is and what a realtor does at
least it’s how I function with my customers and I
how I see it pretty much going with most consumers. We are navigators. We are sort of the hub that
holds the transaction together if we are lucky sometimes
and skilled other times. We know the community, we know the market, and we can help you to
not be all over the place trying to figure out where you’re going to ultimately end up. You drive the process, we work for you. You want to buy a house,
you want it for your family, you have your tastes,
your desires, your budget, but we help you. We come in and we partner with you and it’s a good relationship
and help you to get started in the process, help you
understand how to get to financing, help you understand that you’re well advised and sometimes if you’re financing through a bank you’re gonna be required to have an appraisal
but before the appraisal what I try to do and what I
think is a value to customers is I try to get you to get an inspection. A home inspection and a WDO inspection and Mr. Oven will talk to home inspections and WDO inspections probably too. Before the appraisal so that
the appraisal costs $500 and the lender requires
it if you’re financing. If you get your home
inspection and WDO inspection and there’s some major
problems with the property before that you can discover
before you have to spend $500 on the appraisal and you do have to pay for those inspections
but it’s less than that to go through the
inspections and then later on get the appraisal and the
lender won’t loan the money after you’ve spent almost $1,000. I can at least save you 500 if
we spot the problem early on and can’t renegotiate the
contract with the seller. Then as we move into the process we get the inspections done
help you to order those and then we get on into closing ’cause your lender will
start working with you and you disappear from me
for a while as a realtor ’cause the lender’s got
you working with them on your application and
then when everything comes together with the lender, we come back together at
the end to do the closing working with the title company. So that’s just a general overview and I’ll just sort of wrap that up and as the conversation goes on if you all have any questions just ask me if it’s
relevant to the realtor. – [Gwen] Go ahead Liz. – I have a question Wanda. Why should I hire you? How much does it cost for me to hire you to represent me in this
transaction as the buyer? – On the buyer’s side, the
way it’s typically handled nowadays is there is
no cost out of pocket. What happens is the way
the contract is written, the seller pays my fee working even though I work for
you though technically you do pay for it because
the seller is paid the money that the realtors
are paid on both sides comes from the money you
borrowed to buy your property. Directly out of pocket you don’t pay but indirectly through your loan it is part of your closing cost. You’ll hear that term closing cost and that’s something that I
hope to just outline for you, the cost structure of the purchase as we go through the conversation and that’s something that is
really crucial to understand. – And this is how I would like this to go. The panelists, I want y’all to jump in. I think that what and let me introduce Michelle Mickles that came in. She’s with movement mortgage. She’s one of the bankers. Once you’ve found your house then you go and you think,
well I have to have a mortgage. I just can’t write a check for this house so you talk to the bankers, Michelle. – Yes good morning. And a lot of people now and
a lot of real estate agents, they prefer you to get pre qualified before you find a property. That way it makes it easier
like if anything comes up that you maybe can’t get the loan as far as credit, as far
as assets, funds to close, that’s kind of handled up front before you put a contract on a property but as far as the prequalification stage, what we do as a lender,
you do an application, we pull your credit, we look
at your employment history, your assets, if there’s
anything in the credit that needs to be worked
on we try to tell you at that point what needs to be done in order to qualify for
whatever different loan programs because there’s a lot of loan programs that’s for first time home buyers but they all have
different features to them. They might, maybe different credit scores for FHA which is a first
time home buyer program than it would be for
like a conventional loan that is another home buying loan program. Basically we look at your credit, we look at as far as your assets if you have enough money foreclosing, for the down payment if the loan program requires a down payment
and for the closing costs. The closing costs are the lender fees, the title company fees, they’ll set up your eSCRA account which is your insurance and taxes and all of that is included
in your funds to close and that’s where we
look and see if you have those assets to close. If you don’t have them,
that’s not a problem ’cause we do partner with
different down payment assistant programs with the state, with the city, and with the county that will help you still qualify. You will still need I would say at least like Wanda was saying at
least an appraisal fee and the deposit. You would at least need
that which I would say is about $1,000. Everything else if you qualify for that down payment assistance program normally that will cover your down payment and closing costs. But we do try to work with
you to find the best program available for you just by looking at your like I said your profile,
your employment history, your assets, credit, just
to see what is the best loan program for you. – Okay. And does anybody have any questions? I really want, yes? Wait wait. You have to talk in the
mic just like we do. – [Woman] Hello, so which loan is the best and what do us as the home searcher should look for when someone
is offering us a loan because I know sometimes
when you try to buy a car ’cause I recently bought a car, my father always told me to
look out for the crooked banks that would try to give me
great deals what they would say but they would really be 16% deals or whatever the case may be. So what should I look for
when being offered a loan? – Right and I would say
that every loan program is a little bit different
and it just depends on like say for FHA it requires a three and a half percent down payment but the underwriting guidelines are a little bit more lenient then just say a conventional program. So just say if there’s any credit history over the last 24 months
that was delinquent or collection activity,
a conventional loan may not be the best loan program. I would have to look at
an FHA or maybe a USDA and USDA is a government program also but the house has to be in a certain area. It has to be an eligible USDA area which is normally rural,
like the outside city limits all of Wakulla County,
all of Jefferson County, all of Gadsden County is considered USDA but it just would depend on
your particular situation and normally I try to give at least two or three different programs so you can see the scenarios side by side so you can see the interest
rate on that program, the payment, the PMI which is
the private mortgage insurance that’s required on some
of the loan programs. So it just depends on what is best for you at that time basically. – [Gwen] I think Raney wants to add. – I’m Raney Oven from
Southern Home Consultants but one of the things that
I’ve done over the years is I’ve watched people buy houses for the last 20 some years through the home inspection process and an answer to your question, be sure that you use a local lender that is well established
within the community. Some of the biggest problems I’ve seen are people who go online and
try to do a mortgage online. It’s a very complicated process as she has well explained
and you need to trust in one lender, choose that lender, have them walk you through the process for your personal needs because there are many different programs out there and the program that fits you may not fit you over here. – And let me, oh sorry Raney. Did you have anything else? I wanted to add and Liz we’re gonna talk about renos in one second but Tallahassee Lenders Consortium is a consortium of lenders. We have 12 member
lenders that have pledged that they are going to
adhere to these non predatory lending practices, they are
going to keep their fees at a reasonable level. We have a whole list of those things that they have agreed to do to be one of our lenders. We can help you with all sorts of things at the beginning of the process. Straighten out your credit,
teach you about home buying, and provide down payment assistance. If you’re working with one of our lenders, you know you’re gonna
be working with people that are gonna be on the straight. Any other questions on that? Ma’am? – [Wanda] May I say
something real quickly? – [Gwen] Yes yes, go ahead. – And also to your
question (clearing throat) I’m gonna lose my voice today. As a realtor when I start
working with someone, I first ask them if they’ve been to the Tallahassee Lenders Consortium or looked at the website. I want them to be aware
of that organization because it’s a very well established very reputable organization
for helping you to understand the finance
side of home ownership and there’s more to it
than the finance side but that piece especially
trying to get started and I also give a general overview of the different type
programs to help them, to help the buyer understand
just what kinds of cash up front commitments are involved how it sort of works out
and plays out over time so that’s another part of
starting off with the realtor to help you get all of that sorted out, where to go first, how to start working, your financial track while we’re looking for the property for you as well. – [Gwen] Okay and Liz, you had
something you wanted to add? – When I’m teaching home buyer education, I always encourage my attendees to go in and shake hands and look
a lender in the eye. I give the example to, has anyone seen the
commercial about the woman who went to go meet the French model and it was a hairy ugly guy or whatever. It was (laughing) anyway, I give that example. It’s like you don’t wanna end up with that fake French model as a lender. You wanna find somebody
that you’re comfortable with because this is gonna be
your lender and your realtor that’s gonna be your dream team as you walk through this process. Raney is very important in the process, but she’s gonna refer you
to your home inspector. The lender’s going to
send out your appraisal to a third party. That’s done separately
but I always say that you go and shake hands and
if they’re talking about their competition, if
they have to run down someone else to make themselves look good, then do you wanna deal
with that kind of a person? If they’re talking about
other borrowers to you, then they’re gonna talk
about you to other borrowers and your business so always like I said, you get that feeling about someone and somebody you jive
with that if you like the cut of their jib as they used to say, shake their hands, look them in the eye. If they return phone
calls things like that, that’s somebody you wanna
consider working that and especially locally. – Yes especially locally
and one more little quick thing on this about
choosing your lender. You don’t have to go with the
first lender that you talk to. It might be you like this first
lender, they’re very nice, but a good consumer will go and talk with somebody else and see if they’re gonna give you and there’s internal bank policies that might change the way
the fees are for example. Some of them charge X
amount this type of fee and others do not because
it’s worked into that fee. It’s very complicated but they have to disclose all of that to you so it’s a good idea to talk with at least a couple of lenders. Erica?
– Hi my name is Erica Puckett and I’m here representing
the first time home buyer and I just want to kind of piggyback on what’s been said here
about the importance of choosing your dream team and really building up your team and surrounding yourself
with people you can trust that you can kind of
expose yourself to and say, this is my situation,
this is what I’m facing. These are my circumstances and how can we creatively work together to create the best situation for me and my family? I come from the perspective
as a person who had no interest or expectation
of buying a home as an independent person by myself and found myself to be in my early 40s and kind of trust into that situation and totally unprepared
and I had the pleasure, well Zillow and some of the
online house search engines became my new social media. I was on it all the time
looking at what was popping up and getting super
overwhelmed at the process, the new language, the terminology
I wasn’t familiar with, the complexities of this
experience began to overwhelm me and make me feel pretty powerless. And that all changed when I discovered the Tallahassee Lenders Consortium and became a client. I was able to kind of have
everything outlined for me, laid out in terms that I understood and I felt like I had
someone who could demystify this experience for me
and also kind of point me in the direction of people
who could be trusted, who they had already vetted
to be working on my behalf and in my best interest and that gave me the confidence to move forward
and to make some decisions about how to take that
next step in my life and if I, I like to do DIY. I like to grow my own food
and I like to ride my bike instead of driving a car. I’m a do it yourself kind of person but when it came to buying a house, I was completely kind of paralyzed at how to move forward
and that is what got me where I needed to go
was surrounding myself with people who I felt
like genuinely wanted the best for me and wanted
me to take advantage and be able to utilize the resources that we have available in our community. And like Michelle said,
there’s aspects to home buying that you would never know
unless you were in the business about like well if a house
is outside the city limits, it might qualify for a certain, a different type of lending or
a different kind of package. One of the things that
I learned really quickly was that my realtor was
such a great asset to me ’cause I could do all this leg work online and finding a house that looked cute and seemed like it was a
really great neighborhood that I wanted to live in convenient to all the things I wanted to go to and a great place to raise my children but my realtor was able to say, actually that house
has been under contract 10 times in the last 12 months. That’s not a house you wanna move on. There’s a problem with it,
it’s got a foundation issue or whatever that might be a huge obstacle if I had tried to move
forward on that myself so surrounding yourself with
people that you can trust to be yourself, to be
open, contacting TLC, working with organizations
that can help you look at your financial situation,
your history, your credit. Like I said, I was not
expecting to have to buy a house and so I wasn’t prepared for that and from the day I
contacted TLC to the day I closed on my house was less than a year ’cause they were able to give me the tools that I needed to do that. – And one more plug for TLC. Our services are free. (laughing) Okay Raney did you wanna
talk about renovation loans? This is another, this is very important. When you find the house that’s
in the perfect neighborhood and you want that house but oh my god, the carpet in there is disgusting and the kitchen looks like
it’s been taken to with an ax and there’s a problem with the roof and oh, you can’t even imagine
having to do all of that to turn this perfect house
in the perfect location into your home. That’s when we have something
called a 203K renovation loan. Liz, tell them about it. – I’m gonna continue to speak as a first time home
buyer education with TLC as well as the renovation lending. Erica, I had the pleasure
of serving on her team when she closed on her loan. She did a renovation loan and went through that process with us. How the renovation loans work is basically you find a home and say everything else looks good
but you need a new roof, a new HVAC system and you wanna get rid of that ugly blue tile in the bathroom, upgrade the master suite and maybe get new Energy
Star rated appliances throughout the home so that you can afford your home when you get into it. You can kind of control your cost when you get in. That’s where renovation
loan comes into play. 203K is a type of renovation loan. There are two types of 203K. I’m not gonna get too far
into that but we also, any other veterans in the house, I’m a marine corps
veteran of Desert Storm. Anyone else? The VA loan, the veteran’s loan is the gold standard of
loans so if you know any veterans and they’re kind of scared about going out there or looking into loan, have them give us a call. Basically you have the purchase price plus the cost to renovate. You go out and get a bid
from a general contractor and that bid is under it
and is part of the loan. That scope of work that’s being done is underwritten as part of the loan. When the appraiser goes out, we give him the bid and the appraiser assigns value based on that scope of work. That’s how you get value out. Very often we see people
walk away with equity. It’s a great wealth building tool, especially for people who
can’t get into a bidding war for properties that
are turn key right now. If it’s a little bit ugly and it just needs a little updating and maybe it’s, you’re not getting your, it’s on the market, it’s been
on the market for a while, consider a renovation loan
because you could actually walk into equity. There’s another borrower
that had gone through sat in my home buyer education course. She got the county DPA funds and she walked away first time home buyer, middle aged single parent walked away with about $35,000 in equity. – Now do y’all understand what she says when she says $35,000 in equity? That means that the value of
that house on the open market if you sold it this day
which you would never do, you’d have $35,000 in cash. That’s what that means. – [Elizabeth] She could pay off the bank and bank that money.
– Yeah right. Equity is an important thing and she was talking about
wealth building tool. That’s a great wealth building tool. It gives you a place to live and it’s an investment for your future. – If you’re a first time home buyer, this doesn’t, your first
home doesn’t have to be your coffin, I say that in class. It doesn’t have to be your resting place. Don’t buy in your first home
what it takes some people 30 years to get into. When you leave your rental
right now what’s gonna happen? Is somebody gonna cut you a check to go to another landlord? No but if you sell your home that you own in a couple of years
you’re gonna get a check and you’re gonna be able to
move into your next property. You’re gonna be able to
continue to build that wealth and perpetuate that going forward and the renovation loans is basically one of the only ways that you can actually walk into equity and
you wanna have a realtor that’s available, familiar
with the renovation loans because they have to spend
a little bit more time. They’re not just letting in the appraiser and the home inspector but
they’re also letting in that general contractor
to create that bid. – [Wanda] May I say something about that? – [Elizabeth] Yeah absolutely. – You might find a house or
you might be aware of a house, become aware of a house or it
might be in your neighborhood that it’s not in the best of condition and the term turn key move in ready means that it’s perfect and you pay, go through the process and just move in without having any repairs. But I’ve sold houses to
people that had major problems of some sort and an experienced realtor who is not familiar
with the renovation loan might talk you out of pursuing that. Might just say it’s not worth your time, it’s gonna be, it’s just
gonna be too expensive and that realtor who is familiar
with the renovation loan will at least get you to look into it. We can maybe get an
inspector over or somebody to give you just a general idea of if it’s the house you really want in the area you really want that it might be worth pursing and then go further into the purchase and then figure out that it really is and you’ll end up after
it’s improved with equity. Before improvement, it
doesn’t have equity. It’s negative equity but
once it’s gonna through and been renovated through
the using the 203K loan, then you have positive
equity and that’s what Liz was talking about. – [Elizabeth] And there’s a timeline. We set a timeline with the contractor whether it’s 30 days, 90 days, 120 days depending on the loan
product that can change to complete the work and
then the house is done. That’s where your value is so it’s not like years
after that you’re waiting on that equity to build. It’s within a couple of months that once the renovations are complete that that equity is there. – And one more thing I need
to insert just real quick. What she said about the time frames, that’s one of the best things
about the renovation loan because working with contractors, they’re usually working
several different jobs and they will and someone
don’t manage their money well and they’ll wanna get money from your job to go and finish this from over there but because the bank is involved and the way they manage the loan, they make the contractors accountable, they control the release of
funds through the process so that you don’t get strung along and hurricane season come and you have a blue tarp on the roof that was there when you
first started to the process and they keep moving along
and they will not give them, they know how to incentivize
them to get your job done and get it done as quickly as possible. – [Elizabeth] I’m considered
the contractor whisperer in my department. (laughing)
I’m the one that hunts down.
– That’s a very valuable service. – Hunts down the contractors,
hunts down the bids, makes sure that everything
is just depending on the loan product
that we’re working with, make sure everything is will be dealt with our underwriter and
everything will be easy for the appraiser to read
again because we want the appraiser to be able
to assign that value based on the work that’s being done so they have to understand
what’s being done so I’ve learned a lot
about how to read bids and what requires
permitting and what doesn’t. (laughing)
– Okay now I wanna hunt. Oh we have a question, go ahead. Let me get you the mic. – [Woman] Hi, so I have a question. For the VA loan, the VA run loan, is it typically better than
the first time home buyer or does it just depend on your situation? – The VA loan can be actually
you can use a VA loan actually more than once and Ron and I do a presentation if you are veterans, Ron and I do a presentation. The last one we did was
at the VFW on VA loans just kind of demystifying them. With the VA renovation loan, we can allow up to $50,000
in cost to renovate including putting in a pool. You can, we literally had one that just all they did was just put in a pool. It was a brand new house
and all they wanted to do was put in a pool. But yeah so and how that
payment structure works is just like similar to the 203K limited which is up to you get a 35% up front draw and then the rest is
paid out at completion. That’s kind of really
nice for the contractors because they can actually
just walk into with some, walk into the job with some cash. They’re not having to
carry that whole thing contract through for 90 days. And then just depending on the loan with the VA that’s 35% up front and then the rest is paid at completion. – [Gwen] But was your
question could you use down payment assistance with
VA or was it renovation? – [Woman] It was just with renovation ’cause my sister, she’s
a real estate agent and she was saying that
the VA ones obviously, it has fancy advantages, but she said also with the VA loan you can also have a lot
of fees tacked onto it because you don’t put a down payment so I was just trying to see if the VA loan was the best way to go for
a first time home buyer. – The VA loan is the gold,
I would take that over because there’s not a first
time home buyer loan per se. There’s an FHA loan, that
would be like the 203K. All of them are gonna
have their fee structure. The VA loan depends if
you’re exempt or non exempt from the VA funding fee that’s gonna be static across the board. That’s a percentage that the VA sets so every lender’s gonna
have that fee for you. If you do a VA renovation loan it’s gonna be the same fee. – I hate to interrupt you
but we do have to move on and if you have more questions
specific to your situation, we’ll be available after. Now I’d like Raney to talk to us about the importance of getting
a home inspection, what they do and before I
turn the mic over to him, I want you to know if you’re gonna come to Tallahassee
Lenders to get you started throughout this process,
be sure you get a list of our approved, oh my
goodness Raney hurry up. I got to stop talking. Come to us and you’ll get an
approved list of inspectors if you’re gonna go through our program. Raney. – We’re basically running short on time but so you’re going through the process of you’ve gotten your realtor, you’ve gone in and you
found a house that you like. You’ve been pre qualified so you know this is the house that
you want to purchase and the next step the
realtor’s gonna guide you to is have a home inspection. Home inspection is probably
the critical things so that you know what you’re buying and choosing a home inspector
is extremely important. When we first started
doing home inspections back in 1999 I think there was four or five home
inspectors in Tallahassee. Now there’s probably 50 or 60. We also have to be licensed by the state, by the Department of Business
and Professional Regulation. Check your inspector out. If the realtor recommends somebody, still check them out, Google them. We have one home inspector that’s on the sexual predator list. How they got their
license I will never know. Check them out, check their reviews, check their qualifications. Make sure that they’re well qualified and that you’re satisfied with them. Don’t just and Wanda will tell
you that she probably will recommend at least three
different inspectors for you to choose from. They want you to choose the inspector. They should not choose
the inspector for you. Do your research. Home inspections take
anywhere from two to 10 hours depending on the size of the house and the complexity of the house and depending on the inspector. The inspector should inspect
all facets of the house including the roof, the
attic, and the crawl space. We have a couple inspectors
that won’t get on the roof. Drones are great things
but they do not substitute the real life close up. An inspector should walk
the roof if at all possible. And the crawl space is probably the most critical space to get into because there are more
problems found in a crawl space than any other thing. The crawl space is raised
not on a concrete slab, just raised up you can
crawl underneath the house. The other inspection
that you should also get is a WDO wood destroying
organism inspection. That has to be done by
a licensed exterminator. They’re licensed by the
Department of Agriculture. They are required to locate
any type of wood rot, termite activity, anything
that would destroy the wood, wood destroying organism. That’s the name of the report. Make sure they’re qualified. I know one that won’t get in an attic. Do you know how many leaking roofs and what rotten roofs there are? Make sure that they’re qualified and that they do you a good service. I have a saying. Cheap is expensive. Do not choose your
inspectors based on price. You’re getting ready to
invest in one of the, the biggest investment
of your life right now and if you’re gonna chintz
over $100 for an inspection compared to $150,000
home, how smart is that? Okay so make sure, don’t the pricing of inspections they’re very very similar but I one example I was at a job yesterday of a friend of mine that
I was doing a raid on, mitigation on, and an
electrician showed up and he was happening to do the repairs based on a home inspection
somebody else had done. The electrician was directed to change out or to put GFCI which is
a ground fault interrupt electrical outlet in all the bathrooms, the kitchens and all
this which is required. They were already there. Just because they didn’t have the two little buttons on it, the inspector didn’t realize
that it only required one on the circuit and the
rest of them would trip it. That inspector just cost somebody $600 that was not needed to be spent because he didn’t know
what he was talking about. Be sure you choose somebody
that’s well qualified and check them out, get
online, Google the reviews. – [Gwen] Call us. – Yeah and call Gwen. – We got time for one quick question and then we’ll be
available for one on one. Anything? – [Woman] What’s the average cost? – [Gwen] Wait a minute, wait a minute. I got to get you on tape. – The question was what’s the average cost for a home inspection. I can only speak for my company. We start out at I think it’s
$300, $325 something like that and goes on up based on square footage, age of the house, and whether
it’s got a crawl space or not. And then you’ve also got radon, if I may. – [Gwen] You may. Go right ahead, finish your thought. – I’m gonna jump off of home inspection and go into one other inspection you should include is radon. Radon is the number two leading cause of lung cancer in the United States. We lose 21 to 26,000 people a year due to non smoking radon
related lung cancer. You can’t smell it, you can see it, you don’t know it’s there. The only way to tell is
there’s one in five houses in Leon County have
elevated levels of radon. It’s an extra hundred
to $200 for the test. It’s well worth it and
typically if you find elevated levels in a house that you’re wanting to purchase, the seller’s gonna be the
one responsible for doing it because they can’t sell that house unless they know unless
the radon’s been mitigated and they have to disclose
any of the faults once they are aware of it. That’s one thing Wanda, your realtor will tell you that the seller is required to disclose
everything they know about that house that’s bad. – [Elizabeth] In the Florida
Department of Health, Florida Department of
Health has a booth out here Tim Wallace, he speaks
in my classes as well and he has information
about radon as well. – [Gwen] And they’re
threatening me with violence from the back so we’re
gonna have to wrap this up and thank you so much for coming. We really appreciate it.

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