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What to Expect from a Home Inspection

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By Lisa Harrison Rivas

For most people, buying a house is the biggest investment they’ll ever make. People often spend months searching for their dream home, and when they finally find what appears to be it, they can’t wait to buy it. But we all know looks can be deceiving, so before the packing starts, it’s a good idea to get a home inspection.

Here’s what you can expect from a home inspection.

An inspection is usually done after a house is under contract, meaning a signed offer has been accepted. If you are working with a real estate agent, he or she can provide a list of licensed inspectors for you to choose from. The house will be inspected for structural defects and pests (crawling critters, not annoying family members).

All lenders require a Wood Destroying Insect Report on pre-existing homes before funds will be advanced for the sale. The report will state if the home has an infestation or damage from a previous infestation and if the house has been previously treated for termites.

Sheds are a haven for termites, so they also should be inspected. One client I was working with had an old shed on a property torn down at the buyer’s request. Sure enough, the shed was full of termites and the house was also infested. The shed was removed, and the seller paid for the termite treatment, which was not cheap.

Keep in mind the Wood Destroying Insect Report must be done within 30 days of closing, so it’s a good idea to have this inspection done last in case there’s a delay in closing.

After the structure of the house is examined, the inspector will issue a report on the roof, foundation, heating and cooling system, electrical system, plumbing and other visible defects. Common issues inspectors find include damage from moisture, aging roofs, heating/cooling defects, termite damage, and improperly installed insulation.

Cracked or shifting foundations also are common in South Texas. I had another client who had found what she thought was the perfect home in the perfect neighborhood. The home looked flawless at the showing. An offer was made and accepted, and she was anxious to move forward with the deal. At last, she would be getting the home she had been waiting for. But then, the inspection report came back and it revealed that the beautiful house in the perfect neighborhood had a cracked foundation. This is a perfect example of looks being deceiving and the precise reason a good licensed inspector is crucial.

In older homes, especially in rural areas, the wiring can be a problem. It’s not uncommon for inspectors to find it to be outdated. In general, they will check to see if the house has sufficient electrical capacity needed to power today’s appliances safely.

Once the inspector finishes the report, you and your agent will receive a copy. Decisions will be made about which items need to be addressed before moving forward with the deal. The buyer’s agent will send repair requests to the seller’s agent, and both parties should sign off on which items will be repaired. If you are the seller, make sure you keep all your repair receipts. If you are the buyer, make sure you ask to see them during the final walk-through.

The long summers in South Texas means air conditioning systems are running most of the year, so potential buyers often request that sellers pay for routine maintenance on the heating and cooling system before closing on the house.

And while it might be tempting to save some cash and have your uncle with a tool belt look at the system, I’d recommend that, unless he’s licensed, you politely decline the offer and hire a licensed professional, in which the state requires. Inspectors say a lot of the problems they see are caused by unlicensed Mr. Fix-its.

The buyer, unless he or she is financing with a VA loan, usually pays for both the general structural inspection and the Wood Destroying Insect Report, but like anything else, this is negotiable. The cost varies depending on the size of the house, but expect to spend from $300 to $500 for the structural report. A Wood Destroying Insect Report will cost around $160. Depending on the inspector, these costs can be paid upfront or at closing.

So now you know what to expect from a home inspection.


Lisa Harrison Rivas is a Realtor with Berkshire Hathaway HomeServices Don Johnson, Realtors. Contact Lisa at 210-380-9006 or lhrivas@realsa.com

 

 

 

 

 

 

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As “Shop Black Week” 2020 is Primed to Make History, TikTok, Shopify, Amazon and Walmart Are Now Jumping on the Bandwagon

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ATLANTA, Nov. 5, 2020 /PRNewswire/ — “Shop Black Week” began years ago as a meeting of the minds that included determined Black business owners and community organizers as a campaign to promote Black economic empowerment that soon escalated and became a world-wide movement. The idea of Shop Black Week (SBW) was to encourage consumers to simply add “shopping with a Black-owned business” to their to-do-list. The Official Shop Black Week 2020 campaign has over 200 organizations involved, which represents over 1.5 million members, subscribers and followers who will share and hashtag #shopblackweek to encourage mass participation. The SBW campaign simply asks every American to make at least one purchase from a Black-owned business from November 20-27th and into the holiday season.

Systemic economic disparities are not new; however, the COVID-19 pandemic brought this to the forefront. Recently, an overwhelming amount of attention has been placed on the disparities and injustices within the Black community. Because the SBW organizers are Black business owners themselves, they were more than aware of these disparities and even more than aware that nothing short of a major movement would be necessary to address this issue knowing that many small businesses suffered and had to shut down.

As Black business-owners, the SBW campaign began as a S.O.S. (Save Our-Selves) call to action. However, it seems that others want in on the Black movement because it is in fashion these days. Recently, TikTok, Wal-Mart, Amazon and Shopify (all non-Black owned entities) have launched Black initiatives, and specifically TikTok has termed their “new initiative,” unbelievably, “Shop Black Week” too. According to the organizers of the Official Shop Black Week, in an attempt to preempt the Official Shop Black Week campaign, the corporate giant has created a new start date, one week before the official grassroots campaign launches. “Google ‘shop black week,’ to see hundreds of results displayed; visit the website to see all of our participating organizations and partners. As the true Official ‘Shop Black Week,’ we are concerned that these large corporate giants have not responded to our request for partnership, but instead, they are attempting seemingly to capitalize off Black consumers and business owners,” said Carla Tillman, PhD, Shop Black Week’s National Director.

The copycat shop-black-week promoters indicated that they have hand-picked and pre-selected some Black-owned vendors to feature. “That’s great!” says Sharon S. Gordon, media partner of SBW, “however, organizers of the Official Shop Black Week campaign welcome all types of Black-owned businesses who would be able to keep 100% of the proceeds from their products and services.” A qualified business simply has to register and pass the vetting process by signing up at shopblackweek.org. Organizers of the Official SBW forecast an average of 30,000 daily website visitors who will be searching to find quality Black-owned businesses to support.

Everyone making a purchase from a Black-owned business during Shop Black Week November 20-27th should hashtag #shopblackweek and let everyone know about any purchases including business names, locations, dates and photos.

Press Contact, Latoya Meshell, (833) 991-0911 or 258334@email4pr.com

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Greenwood Closes $3 million Seed Round To Build Online Banking Solution for Blacks and Latinx

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Venture founded by Ambassador Andrew Young, Michael ‘Killer Mike’ Render and Ryan Glover

NEWS PROVIDED BYGreenwood Financial 

Michael Render, better known as “Killer Mike,” rapper turned activist, and Ambassador Andrew J. Young, civil rights legend and former U.S. Ambassador to the United Nations, and Former Mayor of Atlanta, and Ryan Glover, Greenwood Chairman and founder of Bounce TV network are all founders of Greenwood, the first digital banking platform for Black and Latinx people and business owners. They have secured $3 million in seed money from investors

Greenwood’s initial products are savings and spending accounts that come with a stunningly designed black metal debit card for customers who sign up by the end of the year. Advanced features like Apple, Samsung, and Android pay, virtual debit cards, peer-to-peer transfers, mobile check deposits, and free ATM usage in over 30,000 locations are offered with no hidden fees. Customers who invite their friends to open accounts receive cash awards as a thank you from Greenwood. All deposits are FDIC insured by a partner bank.

Additionally, Greenwood plans to work with brick and mortar minority-owned banks to provide deposits to help strengthen historically black banks.

“The work that we did in the civil rights movement wasn’t just about being able to sit at the counter. It was also about being able to own the restaurant,” said Ambassador Andrew Young. “We have the skills, talent and energy to compete anywhere in the world, but to grow the economy, it has to be based on the spirit of the universe and not the greed of the universe. Killer Mike, Ryan and I are launching Greenwood to continue this work of empowering black and brown people to have economic opportunity.”

A mere five days after the October 8 announcement of the company, Greenwood has received more than 100,000 sign-ups to the waiting list for Greenwood’s digital banking platform at www.bankgreenwood.com. This pace illustrates the demand for a modern solution for minority banking and makes Greenwood one of the most successful launches in the history of the financial services industry.

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Facebook Rolls Out #BuyBlack Friday

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(photo) La’Asia Johnson, Founder of Elle Jae Essentials

With the holiday season fast approaching and the harsh realities of COVID -19 still lingering in the world, Facebook wants to do its part to further support Black-owned businesses. Facebook recently announced its #BuyBlack Friday campaign with the hope of celebrating and supporting black-owned businesses and their communities which have been extremely impacted by the pandemic. 

It is well known that Black-owned businesses are closing at double to triple the rate of other small businesses. Facebook will be working closely with the US Black Chambers and encouraging people to #Buy Black over the holidays. Staring October 30th Facebook will be introducing features in the Facebook app. They’ll also be hosting a range of events and resources within Facebook’s Lift Black Voices Hub, and airing the #BuyBlack Friday Show that will air live every Friday from October 20 – November 27 featuring Black businesses, musical artists and entertainers, writers, etc.

Consumers and Facebook users can visit https://about.fb.com/news/2020/10/buy-black-friday/ for more information.

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