When you are involved in the
process of buying a home, it is safe to assume that you will probably find one
that you like, make an offer, and purchase it. There are many steps along the
way, and more and more buyers in the market today want guarantees. Inspections
by structural engineers and environmental specialists often turn up something
wrong with the property you want to buy. Many sales have been halted or delayed
because asbestos, lead, or radon was found on the property.
If a problem has been found with the property you
want to buy, ask yourself two questions: 1) Can the problem be fixed? 2) If so,
what will it cost to repair it? Some of the following problems could keep you
from purchasing a property, if: 1) the house rests on a fault line; 2) the water
supply is contaminated; 3) there is a severe crack in the foundation; or 4) the
house is located under electro-magnetic power lines.
