Checklist for Buying a Home

I had a client who called saying that his bath tub just fallen through the floor in his new home (new to him). Mold had eaten away the floor from the crawlspace up. The seller had placed a few 4x4s under the floor to hold everything up long enough to sell the house and get out of town.

I asked if he had the house inspected before he bought it. He said, "no, was that important?"

Even if you do get a home inspector, look for these things yourself. Some home inspectors don't look for these items. Some never go into the house.

Mold test

The number one problem faced by new homeowners is mold. You read about it in the news. Every week I get a call from an attorney gathering info for a lawsuit against a home seller and their real estate agent. The topic is always mold.

You can get inexpensive mold test kits athttp://www.tennesseemold.com

Gutters

The number one cause of mold in a home is improperly installed or damaged gutters. They allow water to pour into the walls. And water causes damaging mold to develop inside the walls. Make sure the gutters are level and aren't bent.

Mud on walls

This goes back to gutters. If the gutters are undersized, excess water pours over the edges of the gutters and onto the ground. This splashes mud against the outside walls. BUT the excess water also seeps into the foundation of the house.

Plants too close

The new owner, of course, can correct this, but did the previous owner allow the plants to trap moisture in the walls? The damage from this moisture may already be there waiting with costly repairs. There should be at least 18 inches between the plants and the outside walls.

Foundation vents

These vents are designed to let air flow through crawlspaces. This house may not have a crawlspace. But if it does, check the vents. Do they open and close? Some builders slop concrete on them and they are permanently open or closed. Potential mold and wood rot problems can result.

Sump pump?

A sump pump is there to remove water from your basement. If there is a sump pump, then there has been excess water in the past. To work, a sump pump needs some water in it anyway. This standing water can lead to mold and termites. Avoid houses with sump pumps.

Yard drainage

Does the yard allow water to flow into the house?

Blown in insulation

Most blown in insulation is cellulose or ground up mold food (wood). Yes that deadly chemical they put in it will stop mold for a few years but not forever. And even the cellulose free insulation sends particles into the air that we can breathe. This is a major problem according to lung surgeons.

Do attic vents work?

Is the attic hot? Just because the attic has vents doesn't mean they work. Motors rust or burn a fuse.

Crusty stuff on basement walls

If you see crusty white stuff on the block in the basement, it means long-term water problems. That white stuff is minerals deposited over time by drying moisture. RUN away FAST!

Water spots on ceiling.

These always hold mold. You only have 48 hours after a leak before mold begins to grow. After that drying won't help.

By all means, hire a home inspector. Don't use a home inspector recommended by the seller or their agent. If an inspector says something bad about a house, they don't get future referrals from the agent. And make sure the inspector goes INSIDE the house.

Sounds stupid but I have been in lawsuits where the inspector did all his work from the yard or even worse, from his car.

For 30 years, Dr Graham has been helping people treat andprevent disease by showing them how to live in a clean environment.

http://tennesseemold.com/ebooks.shtml
DrGraham@themoldlab.com
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More than 40 states signed onto a proposed $25-billion deal with major mortgage servicers over faulty foreclosure practices. New York, Nevada and Delaware joined California in holding out for better terms.

More than 40 states signed onto a proposed $25-billion settlement with major mortgage servicers over faulty foreclosure procedures, but California, New York and other key states were still not among them.

California has until Monday to share in a multi-state deal with banks to obtain mortgage relief and reforms. Atty. Gen. Kamala Harris, who walked away from talks last year, says the door remains open.

With a Monday deadline at hand, California officials have resumed direct talks with the Obama administration about joining a multibillion-dollar, multi-state mortgage settlement with the nation's largest banks, a source said Sunday.

The talk show host pays $12 million for the 4,088-square-foot house with four bedrooms and four bathrooms. The ocean-view home sits on 1.26 bluff-top acres with beach access.

In one of the more talked-about transactions in town, actors Brad Pitt and Angelina Jolie have sold their Malibu beach house to daytime host and comedian Ellen De Generes for $12 million.

The four-bedroom, five-bathroom house built in 1920 for industrialist James Wigmore lists for $2,875,000.

A decorative cast stone entrance opens to this restored Spanish Colonial Revival-style house in Pasadena's South Orange Grove area. Built in 1920 for industrialist James Wigmore, the house retains such original details as coffered wood ceilings and arched doorways.

They don't believe they can sell their property for what it's worth, so they're spending money on making their homes more comfortable.

Do you fit any of these descriptions?

A biennial research report by the National Assn. of Realtors indicates that a handful of real estate agents and brokers and their clients either don't know the law or don't care to follow it.

When it comes to lawsuits, real estate agents and brokers tangle mostly among themselves.

The president aims to help about 3.5 million people with good credit who are unable to refinance at historically low rates because their homes are worth less than their mortgages.

 

The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments.

The Standard & Poor's/Case-Shiller index of 20 large U.S. cities fell 1.3% in November from October as foreclosures continue to drag down the housing market.

Three straight months of home-price declines in the biggest U.S. cities showed that foreclosures remain a significant drag on a housing market that is entering its fifth year of deterioration.

L.A. Clipper Chris Paul may be quick down the court, but he moves pretty fast when it comes to buying multimillion-dollar real estate too.