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Home Buyer
Information
Why Do I Need A Home
Inspection
The purchase of a home is probably the largest single investment you will
ever make. You should learn as much as you can about the condition
of the property and the need for any major repairs before you buy, so that you
can minimize unpleasant surprises and difficulties afterwards. Of course,
a home inspection also points out the positive aspects of a home as well as the
maintenance that will be necessary to keep it in good shape. After the
inspection, you will have a much clearer understanding of the property you are
about to purchase. If you are already a homeowner, a home inspection may
be used to identify problems in the making and to learn preventive measures,
which might avoid costly future repairs. If you are planning to sell your
home, you may wish to have an inspection prior to placing your home on the
market.
This will give you a better understanding of conditions which may be
discovered by the buyer's inspector, and an opportunity to make repairs that
will put the house in better selling condition.
What Is An
Appraisal?
An appraisal is nothing more than an opinion of value, anyone can have an
opinion. However, in 1989, in the aftermath of the $400 billion saving and
loan debacle, Congress passed a bill mandating all states to set up licensing
programs for appraisers. Their intent was to help prevent the kind of
shaky loans that led to the biggest taxpayer bailout in history.
California began licensing appraisers on November 1, 1992.
Licensed appraisers must adhere to the Uniform Standards of Professional
Appraisal Practice (USPAP), which became effective in 1993. These rules
have established a high level of professional and ethical standards which all
licensed appraisers must follow.
Appraisers include people who estimate business value, personal property
value and real estate value, as well as those who offer consulting services in
these areas. To become licensed, an appraiser must take a series of
prescribed classes, pass an examination and take continuing education courses.
What Is Toxic Mold?
The term "toxic mold" is not accurate. While certain molds are
toxigenic, meaning they can produce toxins (specifically mycotoxins), the molds
themselves are not toxic, or poisonous. Hazards presented by molds that
may produce mycotoxins should be considered the same as other common molds which
can grow in your house. There is always a little mold everywhere in the
air and on many surfaces. There are very few reports that toxigenic molds
found inside homes can cause unique or rare health conditions such as pulmonary
hemorrhage or memory loss. These case reports are rare, and a casual link
between the presence of the toxigenic mold and these conditions has not been
proven. A commonsense approach should be used for any mold contamination
existing inside buildings and homes. The common health concerns from mold
include hay fever like allergic symptoms. Certain individuals with chronic
respiratory disease (chronic obstructive pulmonary disorder, asthma) may
experience difficulty breathing. Individuals with immune suppression may
be at increased risk for infection from molds. If you or your family
members have these conditions, a qualified medical clinician should be consulted
for diagnosis and treatment. For the most part, one should take routine
measures to prevent mold growth in the home.
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