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Do you have hazards around your house? I mean besides the toy fire truck in the middle of your hall floor in the dark in the middle of the night? Besides the Razor scooter that your little girl left behind your car that you didn’t see when you had to back up. Eighty-nine dollars later you learn to look for hazards around your house. If you have kids, you have constant hazards around your home. There are other potential hazards in your house that are not child’s play. I am speaking of environmental hazards than can affect your home. You should consider environmental hazards in your home or when you are considering purchasing a home.

In my experience of inspecting homes in Charlotte, NC I have come across some common environmental hazards you should be aware of. Some of these hazards are asbestos, carbon monoxide, lead, radon, carbon monoxide, and groundwater contamination. In this article I hope to identify the basic environmental hazards and to describe the warning signs, characteristics, causes and solutions of the various environment hazards most commonly found in the real estate transaction.

Asbestos is a mineral that was once used as insulation because it was resistant to fire and contained heat effectively. Asbestos was used in residential buildings up until it was banned in 1978. In my inspections I usually found asbestos in older homes on heat ducts at the joints. It’s usually that white wrap on the joints of metal ducts. Asbestos can be found covering pipes, ducts, and heating and hot water units. Its fire resistant properties made it a popular material for floor tile, exterior siding and roofing products. Today we know that breathing asbestos fibers may result in a variety of respiratory diseases. Just the presence of asbestos is not necessarily a heath hazard. Asbestos is only harmful when it is disturbed or exposed causing it to become airborne. This often happens during renovation. Asbestos is highly friable. As it ages it breaks down easily into tiny fragment and particles. When these particles become airborne, they pose a risk to humans. Asbestos is costly to remove because the process requires state licensed technicians and specially sealed environments. Removal itself may be dangerous. Improper removal may further contaminate the air within the structure. The waste generated should be disposed of at a licensed facility. This further adds to the cost of removal. An alternate method of control that may be preferable is encapsulation. Encapsulation is the sealing off disintegrating asbestos. More information on asbestos-related issues is available from the EPA (telephone: 1-202-554-1404). The EPA has numerous publications that provide information on asbestos.

Lead-based paint was used on houses built prior to 1978. Lead-based paint may be on any interior or exterior surface. It is particularly common on doors, windows and other woodwork. About 75% of all private houses built before 1978 have lead present. That is approximately 57 million homes. Crawling babies can ingest lead dust from the hands. It can also be ingested in water from lead pipes or lead solder. Elevated levels of lead in the blood can cause serious damage to the brain, kidneys, nervous system and red blood cells. The degree of harm is related to the amount of exposure and the age at which the person was exposed. Presently, there is no federal law that requires homeowners to check for the presence of lead-based paint. Lead-based paint hazards must be disclosed however. In 1996 the EPA and the Department of Housing and Urban Development issued regulations requiring disclosure of the presence of any known lead-based paint hazards to potential buyers or renters. A lead based paint disclosure statement must be attached to all sales contracts and leases regarding residential properties built before 1978. Buyers or renters must be given ten days in which to conduct risk assessments or inspections for lead-based paint hazards. Buyers are not bound by any real estate contract until the ten-day period has expired. Real estate agents are to ensure that all parties comply with the law. For more information and pamphlets on lead-based hazards, call The National Lead Information Center, 1-800-424-5323

Radon is a radio active gas produced by the natural decay of radioactive substances. Some areas are known to have more significant amounts than others. Radon is found in every state. The highest concentrations can be found in the plains states, the upper Midwest and Northeastern United States. In the open air, radon usually dissipates into the atmosphere and is not likely to cause harm. When radon enters buildings and is trapped in high concentrations, it causes health problems. This usually happens in basements with poor ventilation. Radon is odorless and tasteless. It is impossible to detect without testing. Radon levels are relatively easy to reduce by installing ventilation systems or exhaust fans. The modern practice of creating energy-efficient homes and buildings with practically airtight walls and windows may increase the potential for radon gas accumulation. Heating and ventilation systems can spread radon gas throughout the house once it has accumulated. Radon has been proven to cause lung cancer. Individuals who smoke and spend considerable time indoors are particularly at risk. The EPA has a pamphlet ” A Citizen’s guide to Radon” It is available online or at your local EPA office.

Another colorless and odorless gas that poses health risks is carbon monoxide. Carbon monoxide is a by-product of a fossil fuel burning appliance or heating system. It also can come from a car exhaust. A few years ago in Charlotte, four people were killed when someone left their car running in a townhouse garage. The garages were under the units. Apparently someone pulled in their garage and forget to turn their car off. It killed four people. After that Charlotte made it a law to have a carbon monoxide detector if you have any gas-burning appliance. When these appliances are ventilated properly there is not a problem. When improper ventilation or equipment malfunctions and permits large quantities of CO to be released into the structure, it poses a significant health hazard. Its effect is compounded by the fact that CO is so hard to detect. CO is quickly absorbed by the body inhibiting the blood’s ability to transport oxygen. This causes dizziness and nausea. More than 200 deaths occur from CO poisoning each year. Carbon monoxide detectors are available and their use is mandatory in some areas.

Groundwater contamination is a problem in some areas. Groundwater is the water that exists below the earth’s surface. Any groundwater contamination can threaten the supply of pure, clean water for private wells or public water systems. If the water gets contaminated, the earth’s natural filtering may not be adequate to ensure the availability of pure water. The groundwater can be contaminated in several ways. There is runoff from waste disposal sites, leaking underground storage tanks and pesticide and herbicides are usually some of the sources.

There are several hazards one should consider and test for in their own homes or one they are considering buying. Some of these hazards include but are not limited to radon, asbestos, lead based paint, carbon monoxide, and groundwater contamination. The costs of testing for these hazards are relatively small. The cost is especially small when compared to the cost of the presence of an environment hazard that you don’t know exists.

For more information about environmental hazards around your house, please contact Preston Sandlin at www.homeinspectioncarolina.com.

Preston Sandlin is a home inspector and real estate investor in Charlotte NC. He has been performing home inspections and buying real estate in Charlotte NC for over 11 years. He is a member of the North Carolina Home Inspector’s Association, the Charlotte Regional Realtors Association, and the BBB.

[tags]charlotte,radon,home inspection,real estate,inspection,asbestos,hazards,house[/tags]

Living in Costa Rica is the ultimate expression of personal freedom. This oasis of unsurpassed beauty, eco-diversity, and “the perfect wave” is nestled peacefully between the warm waters of the Caribbean and the Pacific. Each year, surfers, retirees and adventurers are attracted to its shores to experience an unmatched quality of life, low cost of living and “Garden of Eden” features.

• Costa Rica’s current real estate boom is driven by investors and developers
  from
  around the world who view favorable tax laws, land affordability, and the country’s
  democratic stability as key drivers for a sound investment.
• Excellent, affordable health care by U.S.-trained, English-speaking physicians
  using
  state-of-the-art medical equipment. Many people come to Costa Rica from around
  the world for affordable cosmetic surgery.
• An American population of approximately 50,000. There are more Americans
  living
  in Costa Rica than Costa Ricans living in American. They have no desire to leave this
  peaceful, beautiful country.
• Great weather year-round, with an average temperature of 89 degree F on the
  Pacific seacoast.
• Home to 5% of the Earth’s known species in a country the size of West
  Virginia.
• Tropical rainforests, seven active and 60 dormant volcanoes, mountain forests,
  9,000 species of plants including 1,400 species of orchids, exotic animals and
  abundant national parks.
• Clean, drinkable water throughout the country.
• A population of warm, wonderful people who truly love and emulate Americans.
  Many speak English.
• Solid infrastructure, with electricity installed throughout the country even in
  the
  smallest towns. The best telecommunications in Central America with cell phone
  service, 120 radio stations, a dozen TV stations and internet accessibility in almost
  every town and village.
• Travel writer Christopher P. Baker says Costa Rica has a proud history as Central
  America’s most stable democracy (elections are so trouble-free that crowd control
  at polling stations is handled in part by school children). He describes how Ticos (as
  the friendly Costa Ricans are known) pride themselves as having more teachers than
  policemen. There is no army in this neutral country.

So with the soaring cost of South Florida and Southern California real estate, Costa
Rica is an excellent alternate for those seeking a vacation home or retirement home
with many of the same amenities as the USA at a fraction of the cost. This is why
Costa Rica is becoming the logical extension of South Florida and Southern
California for those still seeking tranquility, peace, and harmony at an affordable
investment.

Bill Knickman is a managing member of Costa Rica Lifestyle
Development. CRLD
specializes in real estate property development, construction, sales, and property
management in Costa Rica. For more information about Costa Rica such as retiring,
and purchasing property — please visit http://www.crld.com or email Bill at
bill@crld.com.

[tags]Costa Rica Real Estate, property for sale in cosa rica, retiring, Nosara, surfing[/tags]

Pricing your home is both an art and a science. It is probably the most important decision you and your real estate agent will make. This is especially true as the hot housing market turns from a seller’s to a buyer’s market. To be comfortable setting the listing price for your home, consider these key factors?

1. Think Like a Buyer Buyers will look at your home with impersonal and calculated eyes. They won’t have an emotional attachment or your personal interests in mind when they make an offer. Regardless of weather the overall market favors the buyer or seller, the buyer will want your home at a fair market price. They are not considering how much you paid for the home, the value of the memories that you have in it, how much cash you need for to close on your next home, or how much time and money you have invested in your home’s landscaping, bathroom updates, painting or other improvements. When you first decide to sell your home, it’s no longer your home. It belongs to the buyer with the best offer for you. Emotional detachment from your home will help you see your home the way a buyer will be looking at it. Brush up on more selling advice.

2. Start with CMAs Invite a few real estate agents to work up a CMA (Comparative Market Analysis) for your home. A CMA compares the price of homes recently sold, homes that were on the market but didn’t sell, and homes currently on the market to give you and your real estate agent an idea of how to price your home. Ask the agents why each particular home was included on their CMA. Have a list of questions and compare the answers you get from each agent. As you will find out, a CMA will show you varying prices for what each agent thinks your home is worth. Look for what seems to be a reasonable price. Some real estate agents will want to price your home below market value, looking for a quick sell or a bidding war. Some will overprice it looking to play on your hopes that your home is worth more than it really is, but an overpriced home will sit on the market longer and will likely need to be reduced later. Most real estate agents will provide you with a home value estimate or Comparative Marketing Analysis (CMA). It as good idea to find real estate agents who have plenty of experience pricing homes in the area, especially as the market turns to a buyer’s market.

3. Consider a Professional Appraisal A CMA will give you a good idea of the value of your home, especially if the agent is familiar with pricing homes in your neighborhood. However, for several hundred dollars that it usually costs to purchase a professional appraisal, the money could be well spent for several reasons. If the CMAs you get from real estate agents are not reasonably consistent, you might want to get an totally unbiased view point, one that you pay for. An appraisal of your home will make clear anything that may be wrong with your home and it adds an additional layer of assurance for prospective buyers. Appraisers rely on in-person inspections of your home, recent sales of like-homes in your area, and other data to arrive at their opinion of your homes’ value. The report you receive from an appraiser is more detailed than a common CMA. The appraiser’s report is a full-blown description of your home and the criteria used to formulate the valuation.

4. Research On Your Own You can research several ways. Stop by homes that are for sale in your area and pick up a flyer. Spend an hour or so on the Internet looking at homes in your zip code with the same square footage, bedrooms, and bathrooms. Finally, visit open houses around your home and make an impartial assessment of how those homes compare to your own in terms of condition, location, size, ages, and upgrades. As you visit the open houses, make an honest assessment. Given similar condition, age and square footage, would you buy your home or the home you are touring?

5. Price per Square Foot Some agents may want to price your home solely on price per square footage. While this is an industry standard way of calculating home prices, there are many other tangible aspects that go into your home’s price. The average price per square foot in your neighborhood should be the starting point for setting your home’s price.

6. Market Conditions Consider the overall housing market in your area. Are home prices moving up over time? How long do homes stay on the market before they are sold or withdrawn? Where are interest rates? Is the overall economy in your area and state strong or weak? Are employers hiring or are they overly cautious of bring on new employees? Are builders actively building new homes? Will you be entering a buyer’s market or a seller’s market.

7. Determine Your Selling Costs
There are many costs involved in selling your home. Don’t shy away from getting to the bottom line as this is essential information. Use a variety of mortgage calculators and financial calculators.

8. Flexibility and Options Both you and your buyer may have needs that go beyond the bottom-line. If you are willing to close escrow quickly, you will attract buyers who want to move in right away. A lease-option can help first-timers who need down payment assistance. If you can offer seller-financing, your home will appeal to buyers who need to stretch their financial resources. The more creative and flexible you can be in meeting the buyer’s needs, the more success you will have in pricing your home to sell. If your home has been on the market for a while, can you offer a point or two back to the buyer to help with closing costs or needed repairs.

9. Use a Discount Real Estate Broker There are many good reasons to use a good discount real estate broker. The obviously reason is that you keep more of your home’s equity, but in a buyer’s market, using a discount real estate broker gives you pricing flexibility and that gives you not only a cushion to negotiate but a distinct competitive advantage over the other homes on the market using full-commissioned brokers.

Jeff is the owner and partner of We List homes 4 Less, a full-service real estate broker in the Santa Clarita Valley. Jeff is a strong advocate of using the Internet to promote niche local business and pass the savings onto clients. Their site rates in the top 99.75% of all Websites according to Alexa, a traffic rating service owned by Amazon. Find more house selling advice and mortgage
calculators at We List Homes 4 Less.

[tags]House Selling, Realtor, Real Estate, Santa Clarita,[/tags]

Is there any good reason to do your own home inspection? How about to get a better deal. Every flaw you can find is a negotiating point. You don’t have to learn building codes, and you probably should use a professional inspector in any case. The point of learning what to look for is to protect yourself and get a better deal.

Home Inspection - Use A Checklist

A good home inspection checklist, keeps you from forgetting things. I have more than a hundred items on my own list. Think you could keep all these items in mind as you walk through a property? For tht matter, did you remember to look for water stains on the basement walls the last time you looked at a house? Bring a list!

Good lists are organized by area of the house, usually starting outside. Walk around and then through the home, checking each item on the list. Take notes. If a gutter is coming loose on the side of the house, write it down, along with notes about rotting wood or anything else you notice.

It doesn’t matter if you don’t know the difference between 12-gauge and 14-gauge wiring. You don’t have to become an expert on all the building trades, as useful as this would be. You just have to use what you do know. Make a note if something looks “odd” or “smells funny.” Afterwards, you can have a professional inspector take a closer look.

Home Inspection As A Negotiating Tool

many buyers make an offer on a home with an inspection contingency clause. After an inspector goes in, the buyer can re-negotiate the price based on his findings, or at least know that nothing is wrong. This isn’t a bad way to go, but lowering your offer too much can often offend a seller, and blow the deal. How would you feel if somebody dropped their offer by $10,000 after they already put it in writing?

A better way is to find as many problems with the property as you can, BEFORE making the offer. A list of these problems presented with an offer is a good impersonal (therefore non-offensive) way to present a low first offer. It’s a good idea to keep the inspection contingency in the offer, but you probably won’t have to lower your offer this way.

There is no need to be a carpenter to note that a railing is loose. Most of us can see if a home needs new paint. Home inspection can start with simple things like these, and end with a better price for you.

Steve Gillman has invested in real estate for years. For a complete home inspection checklist, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com

[tags]home inspection,home inspection checklist,real estate[/tags]

In my profession as a home inspector, I get to witness some amazing flipping deals. Some are profitable, some aren’t. Here are the common mistakes I see flipper continuing to make.

#1. Falling In Love With The Home: Hey, it’s just a house built out of sticks and clay. There are thousands more. If you can’t keep from falling in love with every home you see, then flipping homes isn’t for you. Never forget it’s a business, treat it that way.

#2. Keep Your Mouth Shut! There’s an old saying in the Navy. “Loose lips sink ships”. More than once I’ve inspected a home for an Investor and have the Investor call up a week later saying they lost the deal to someone else. Some people just can’t keep their mouth’s shut. Wait until you walk away from the closing table to tell everyone what a deal you made!

#3. First Impressions Are The Most Important: Spend the dough on the landscaping and exterior of the front of the home. I’ve seen more homes sold and more homes fallen in love with (see rule #1) from a great first impression than any other single item. Clean and shiny door knobs, door knockers, coach lamps and address numbers will add to the impression. If it doesn’t add cosmetically to the home, get rid of it.

#4. Don’t go overbored The simple fact is that most homes can be flipped for a decent profit by cleaning and replacing the carpet and paint. Too many times flippers think they need to sink thousands of dollars on a home to make it sell.

Many times what happens is they will remodel the home and it ends up being priced higher than anything in the neighborhood and sits on the market untill the Investor drops the price. Take a page from the flipping pro’s book. Keep it to the basics. You’re trying to make a profit, not make the front cover of a glamour magazine.

#5. When In Doubt, Reread Rule #1 Some people need Rule #1 stapled to their forheads!

#6. Don’t Get Greedy! If you’ve priced your home well, then take the first offer that comes along. It’s not worth your home setting on the market for months because you’re too tight to come off the price a thousand or two. Reread rule #1!

Donald Lawson is a Professional Real Estate Inspector licensed in Texas (#5824) and Oklahoma (#454). He currently owns and operates V.I.P. Home Inspections, a Houston Home Inspection company. If you’re interested in investment opportunity’s in Houston Tx, see his Houston Real Estate page.

[tags]flipping houses, flipping a home, real estate, home inspections, houston, real estate investment[/tags]