Is the home inspection a step that you can afford to skip when buying a property as an investor or even a traditional home buyer, especially with an as-is sale? In this video, I speak with Ross Kennedy from Kennedy Home Inspections about how you can best use a professional home inspection for due diligence and leverage during negotiations.
0:00 Overview
2:35 Kennedy Home Inspections background
3:47 How you can be fooled by online photos
6:00 Sellers getting home inspections prior to going on the MLS
8:13 How do you approach home inspections for As-Is sales
10:55 Using home inspections to get swag at renovation budget
12:00 Major vs minor home defects
15:40 Importance of specific wording on home inspection reports
18:02 Where buyers should focus attention during home inspections
21:45 Learn about the most important systems of the house vs. cosmetic repairs
22:58 Misunderstood defects
25:19 When an old house becomes a problem
28:10 The facts about knob & tube wiring
31:55 Difference between local municipality requirements and home inspection checklist
35:56 Appraiser’s (or lender’s) repair checklist
39:00 How the house tells the story
41:00 Setting expectations about what could come up at a home inspection
44:05 Discovering renovation work done without proper permits
47:00 Value of knowing overall health of the property
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Veronica comes from a family of real estate investors. She is passionate about helping clients create wealth, build a legacy, and design a dream lifestyle through real estate.
What makes Veronica stand out from other realtors is her financial background. With an MBA in Finance from The Wharton School and a bachelor’s degree in Economics from Northwestern University, she does not run from the numbers. She spent over a decade running financial models to help her employers evaluate projects and products. This skill allows her to simplify the bottom line for a homeowner or forecast the return on investment for a developer.
Veronica is a licensed realtor in PA. Veronica helps her clients buy, sell, invest in real estate in the following neighborhoods in the Philadelphia metro area: Cedar Park, Chester, Cobbs Creek, Darby, Drexel Hill, Germantown, Kingsessing, Lansdowne, Marcus Hook, Overbrook, Overbrook Farms, Sharon Hill, University City, Yeadon, and Upper Darby. Her company also provides property management services for single-family homes and small apartment buildings in the area.
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