Purchasing a property for either an investment or for your family is usually one of the largest investments you will make. When you make this investment it is a extremely good idea to know everything about this property. The best way to do this is to have inspections done. This way you learn about the insides of the home as well as the outside. Before 1980 2-5% of buyers had inspections done on a property. Since then there have been over 4 million properties sold and 50-60 % of these properties have had inspections.

Presently, sellers and buyers both order inspections. They do this for a few reasons. Sellers do this to provide the buyers with as much information as they can. It can minimize time wasted on re-negotiations from the buyer. You can reduce your liability significantly. A Realtors montra disclose, disclose, disclose! Also this can identify potential problems that can arise in the sale of the home so you can maximize the market price of the home.

Buyers want to have this information so they can feel more secure on the state of the property. If there are problems that are in the report they can be used as a negotiating tool. Even when there are already reports done on the home I always advise my clients to have their own inspection done as well. If the seller has had a reputable company do their report then there should be no surprises in the report. The inspection report can also point out positive aspects of the home, as well as the type of maintenance to keep it in proper shape.

All homes have problems even newly built homes. The question you want answered is how serious are they. This is what property inspections answer. A professional property inspection is an impartial third party visual evaluation of the physical structure, heating, air conditioning, electrical, plumbing, roofing, interior and exterior. Also make sure your inspector is ASHI certified. Being ASHI certified means that your inspector is held to a higher code of ethics

10 questions to ask your inspector from the US Department of Housing and Urban Development

Find a ASHI Certified Inspector

An update from MSN on today’s cut in the fed rate:

“In a move that thrilled Wall Street and sent stocks soaring, the Federal Reserve cut its key interest rate for the first time in four years in a bid to ensure that the softening economy doesn’t slide into a recession.

The central bank cut its key federal funds rate from 5.25% to 4.75%. It also cut the discount rate from 5.75% to 5.25%. The two cuts were larger than most Fed watchers had expected; they’d seen the federal funds rate moving only to 5%.”

Good news to anyone out there trying to purchase a home!

A new development of luxurious San Jose downtown condos located moments from the HP Pavilion will be ready for sale in late 2007. You have not yet experienced living at this level of comfort, ease and excellence. The “51,” as this downtown San Jose condo community is named, features one-bedroom flats, two-bedroom flats, three-level lofts and two-level townhomes.

The bi-level townhome features an upstairs wide-open large master suite, and spacious living and entertaining areas. The two-bedroom flats feature an eat-in dining space and a comfortable great room with double master suites for double the enjoyment. The downtown San Jose location of this condo complex is ideal for an active lifestyle, just moments from freeways 880/17, 101 and the San Jose Mineta International Airport.

Named after the original Del Monte factory known as Plant 51, this downtown condo complex of light, bright and airy homes will feature all the amenities of modern living with glorious kitchens, open floor plans so you can relax and enjoy city living without the stress of a long commute.
You could walk from your home to the HP Pavilion for concerts, San Jose Sharks games and downtown San Jose events and activities.

This downtown San Jose condo community known as Fifty One is located between Bush and White streets off The Alameda and across from Diridon Station. Keeping traces of history intact, the sales office features wide windows with an arch reading Plant 51. The current structure of the external building was started in 1914, with additions through 1930.

When completed in 2007, the all-new downtown condo complex will house one- and two-bedroom flats and lofts. Prices are expected to range from mid-$400,000s to mid-$600,000s. The exterior and the form of the building remain as originally built.

San Jose Team provides this information to the public and our clients and does not guarantee its accuracy. We do not represent the developer nor marketing company in any way. For Buyer Representation when purchasing a new condo contact Danielle Contreras at 408.850.7994