The REPC Is a Leagally Binding DocumentTo start out this post, it is best to understand that when a buyer submits a REPC to a seller, the buyer is committing his or herself to the terms of the
Dated: August 25 2023
Views: 123
If you have ever bought a used car, you may have had the horrible experience of finding a good car at a good price, taking it for a test drive, falling in love with it car, and finally purchasing it only to find out that there is a serious problem with the transmission that you would have only noticed had you driven the car long enough. The problem is, for most places in the country, it is too late. You are stuck with the dud and hundreds, if not thousands, of dollars in repairs. If you have experienced this before with used cars, you need not fear the same outcome with your home purchase. The way to get ahead and be informed with these issues is to get a home inspection.
For most people, their home will be the most expensive purchase of their lives so why risk buying a dud? Getting a home inspection for your new home is your opportunity to get ahead of major problems before they become problems. This is part of our real estate purchase contract (the REPC) in Utah under the due diligence section. When your agent submits the offer for your home, you will indicate a time period during which you will "kick" the proverbial tires of the house to see if it really fits what you need. During this time period, the REPC stipulates the home owner will make the house available for an inspection. Then the question becomes: Who should inspect the home?
There are some people that will be ready to buy a home that feel like they have all the knowledge and know-how to look the home themselves to search for any problems. Some will ask a parent or sibling they trust. Others have a neighbor that helped them fix a sprinkler one time. And, for some people who use these methods, they will indeed find the problems they needed to find before you purchase the home. However, why risk it? For most states, including Utah, there is a licensing process wherein a home inspector will go through training and education to inspect homes. With that knowledge and training, you are much more likely to catch major issues before you purchase a home. Inspections are also not very expensive, usually just a few hundred dollars depending on the home location and size. That is a few hundred dollars to avoid getting roped into potentially thousands of dollars in repairs for something that went unnoticed.
When you are ready to purchase your new home and go under contract on your selected property, do not risk buying a dud. Make use of that REPC and get a home inspector to come out and do a thorough check of your would-be home before you complete the purchase. Who is best to use for this? This is another place where we come in. We have worked with several home inspectors all over Northern Utah that do amazing work. They are very affordable and will either provide you some peace of mind with your home purchase or provide a reason this particular house is not for you. We can then continue working on finding you your dream home. Contact us today!
I’m Charity Peterson—a Utah-loving Realtor and skilled problem-solver who treats your move like my own. With Realty Team Peterson’s trusted pros and clear communication, we cut the s....
The REPC Is a Leagally Binding DocumentTo start out this post, it is best to understand that when a buyer submits a REPC to a seller, the buyer is committing his or herself to the terms of the
November NewsletterRealty Team Peterson · Davis · Weber · Box Elder · Salt Lake · Utah CountiesMarket Update Home Maintenance Fresh Off the Nightstand Good Human
This past weekend we held our client appreciation event at Green Acres farm corn maze in western Ogden, Utah. We try to hold these events at least once a year and this year we selected this location
A common question we get from clients is: “When is a good time to sell or buy a home?” Or the closely related question: “How long should I wait for interest rates to