What Info Is Relevant?

When trying to aquire a property and your in the research stage you know as far as leins, taxes mortgages, and so on what info is relevant to aquirring the property as far as a purchase price and approaching someone o get them to sell the property.

Cans someone please help me I have been to the county courthouse and I have all kinds of info but I don"t know what to use to get approach the owner.

Comments(5)

  • InActive_Account9th March, 2005

    How are you easily adding a grounded outlet to a non-grounded system ie 2 wire wiring with only a power and a neutral and no ground?

  • NC_Yank11th March, 2005

    As one that makes a living at doing contracting and inspection..........I see both sides.

    Home inspection reports are not designed to nit pick you on deficiencies of a house but is a tool to gage safety issues of the property in question.

    It is also used for the buyer more often then not to justify his bid. This is out of our control as inspectors.
    Some things on our reports are required.........depending on the state laws governing inspectors.

    It is common to report such issues and make recommendations...........however an inspector is not suppose to make recommendations based upon bring a property up to current code requirements.

    I think your addendum will be a red flag myself.........personally I would do as others do..........negociate it out.

    Just as a side note.........there is greater liability for me doing a $300 home inspection then for me to build a $300,000 home. A good inspector will try to balance his findings with the age of the house and the general condition of the house.

    NC_Yank

  • Giovanini_211th March, 2005

    Thank You NC_Yank.
    I appreciate the logical answer, and I did come to the same conclusion with regard to adding anything in contracts a couple of days ago.
    But, at least I am better prepared to deal with this topic should it become an issue in negotiation in the future.
    I say that as I have just bought another old 1926 home for rehab and a 1945 to follow that up in a couple of weeks.
    Wish me luck!
    Thanks,

    Steve G.

  • rewardrisk11th March, 2005

    I try to focus on upgrading the kitchen and bath with GFIs, because they are near water. If you only have two wire cable, you will have to rewire those areas with grounded cable.

    If the house has two prong outlets and ungrounded wiring, do not just replace the two prong outlet with an ungrounded three prong outlet.

    That will get the house flunked by any inspector and it gives a false sense of security, by making one think they are grounded.

  • rewardrisk11th March, 2005

    Building codes vary, but in my opinion, two prong ungrounded outlets are OK as long as they are not near water or in an unfinished part of the house.

    A two prong outlet is what it is. At least with a two prong outlet, the user knows there is no ground and cannot use an electical device that requires a ground.

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