Kathleen Donovan - Charlestown RI Real Estate, Richmond RI Real Estate, Exeter RI Real Estate


For home sellers, accepting a homebuyer's offer represents one of many steps you'll need to complete to finalize your home sale. In fact, accepting a homebuyer's proposal provides no guarantees, and a homebuyer likely will conduct a home inspection that may determine whether he or she moves forward with a home purchase.

Ultimately, a home inspection may make or break your home sale. But if you spend some time preparing for a home inspection, you can improve your chances of accelerating the home selling process.

Here are three tips to help home sellers get ready for a home inspection.

1. Clean Up Your Home's Interior and Exterior

A home inspector will investigate every nook and cranny of your house. As such, you'll want to ensure your residence dazzles when a home inspector visits, as any flaw could damage your chances of finalizing your home sale.

Conduct an extensive clean-up of your house's interior and exterior – you'll be happy you did. With a neat, tidy home, you'll be able to improve your chances of making a positive impression on a home inspector.

Plus, evaluating your residence before a home inspection ensures you can identify and address any minor flaws before the evaluation. That way, you'll be able to eliminate any problems and improve your chances of a fast, seamless home inspection that won't jeopardize your home sale.

2. Ensure All Areas of Your Home Are Easily Accessible

A home inspector will want to examine your hot water heater, your home's siding and more, so you'll want to make every area of your home easily accessible to a home inspector to guarantee he or she can perform the assessment properly.

Although a home inspector may uncover a variety of problems with your residence, the assessment represents a valuable learning opportunity for both you and the homebuyer. Thus, if all areas of your home are easily accessible, you may be able to make the most of this opportunity, learn about hidden problems with your residence and work to resolve these issues accordingly.

3. Consult with Your Real Estate Agent

Let's face it – a home inspection can be stressful, particularly for home sellers who want to finalize a home sale as soon as possible. Luckily, your real estate agent can help you minimize stress and ensure you know exactly what to expect before, during and after a home inspection.

Your real estate agent can answer any of your home inspection questions and ensure you are fully prepared for the assessment. In addition, your real estate agent will collaborate with you and the homebuyer. And if problems are discovered during a home inspection, your real estate agent will help you determine the best course of action.

When it comes to a home inspection, there is no need to worry. If you use the aforementioned tips to prepare for a home inspection, you'll be able to improve your chances of speeding up the home selling process.



25 White Birch CIR, Scituate RI, 02831

Single-Family

$679,900
Price

3
Beds Total
9
Numberof Rooms
3
Baths
Stunning Shingle-style Cape Cod in desirable Knight Farms! This Custom-Built gem is loaded with quality features, keen attention to detail, and so well maintained; it looks and feels like brand-new! Warm and cheerful, this sun-filled home boasts over 50 windows to maximize natural light and views. Solid 2'x 6' construction, beautiful cherry & granite kitchen, formal dining room with custom built-in cherry & granite hutch, 3-4 bedrooms including a separate guest space, and a 1st-floor Master suite and laundry. There's an abundance of storage space and closets galore! Gorgeous stone fireplace in the family room, and an amazing knotty-pine family/game room above the 3 bay garage. Central and Hydro Air, whole house generator, under ground sprinklers and lush, show-stopping grounds. A storybook home to build a lifetime of memories. This one is a MUST-SEE; call today for a private tour !
Open House
Sunday
November 19 at 12:30 PM to 3:00 PM
Cannot make the Open Houses?
Location: 25 White Birch CIR, Scituate RI, 02831    Get Directions

Similar Properties




194 Carolina Nooseneck RD, Richmond RI, 02898

Single-Family

$229,900
Price

3
Beds Total
5
Numberof Rooms
1
Baths
Knock Knock: Opportunity is at the door ! This solid home is located on a wooded, level, and private 1.9 ares and awaits your finishing touches to add instant equity. Get into the home ownership game in Richmond; great schools, easy highway access, close to town, and a super private setting bordering conservation/open space and within walking distance to Arcadia trails. Newer roof, windows and deck in the last @10 years. Plenty of room for expansion in the huge lower level basement. Big shed and fenced area for animals or gardens. The home needs a bit of TLC and imagination to make it shine but, what a deal at this price! Shown by appointment only, no trespassing, please ! Call today to see this great opportunity.
Open House
Saturday
November 18 at 11:00 AM to 1:00 PM
Cannot make the Open Houses?
Location: 194 Carolina Nooseneck RD, Richmond RI, 02898    Get Directions

Similar Properties




194 Carolina Nooseneck RD, Richmond RI, 02898

Single-Family

$229,900
Price

3
Beds Total
5
Numberof Rooms
1
Baths
Knock Knock: Opportunity is at the door ! This solid home is located on a wooded, level, and private 1.9 ares and awaits your finishing touches to add instant equity. Get into the home ownership game in Richmond; great schools, easy highway access, close to town, and a super private setting bordering conservation/open space and within walking distance to Arcadia trails. Newer roof, windows and deck in the last @10 years. Plenty of room for expansion in the huge lower level basement. Big shed and fenced area for animals or gardens. The home needs a bit of TLC and imagination to make it shine but, what a deal at this price! Shown by appointment only, no trespassing, please ! Call today to see this great opportunity.
Open House
No scheduled Open Houses

Similar Properties



Applying for a mortgage can be a lengthy and difficult process. Lenders want to know that they are going to get a return on their investment.

To ensure that they’ll see that positive return they will take a number of things into consideration, such as your income, credit score, employment history, and financial capital.

First-time homeowners often struggle when it comes to these prerequisites since they have fewer years of numbers for lenders to consider. If you’re one of those people, don’t worry--you can still purchase a home.

First-time homeowner loans, which are guaranteed by the U.S. government, and a number of private loans enable people to borrow money for a home without paying a huge down payment or having a vast credit history.

One downfall of said loans is private mortgage insurance, or “PMI.”

In this article, we’re going to talk about what private mortgage insurance is, how to avoid it, and how to get rid of it. 

What is PMI?

If you make a down payment on a mortgage that is less than 20% of the loan amount, you will most likely have to pay private mortgage insurance.

PMI exists as a way for lenders to help guarantee they won’t lose money off of your loan. If you make a down payment of 20% or more, then lenders are typically satisfied that they won’t lose money from doing business with you.

PMI is not to be confused with home insurance, which protects you against damage and theft. Rather, it is an additional fee you’ll pay to your lender each month that is added to your mortgage payment.

PMI is calculated based on a few considerations. Lenders will take into account your down payment amount, the value of the mortgage, and your credit score.

In terms of costs, PMI typically costs between .5 and 1% of the total mortgage amount each year.

Avoiding PMI

Naturally, it’s best to avoid paying private mortgage insurance altogether. Private mortgage insurance has no future value for you and your family since it doesn’t count towards building equity and doesn’t protect you from any potential financial harm (your lender is the sole beneficiary of PMI).

Saving for a down payment can take time, and sometimes you’ll need to rent or cut costs while you save. However, if you do take on a loan with PMI, you can still cancel it at a later point.

Canceling your private mortgage insurance

The first thing you should know about canceling PMI is that it usually isn’t easy. You’ll need pay off at least 20% of the home, write a letter to your lender, and wait for an appraisal of the home. Once you’ve done this, you still have to wait while your lender considers your request. In all, this process could take months--months that you’re still required to pay PMI.

Once common way to get out of PMI is to refinance. If the value of your home has increased since the time of you taking on the loan, the new lender likely won’t require PMI. However, you’ll want to make sure that refinancing will get you a lower interest rate and cover the costs of refinancing. 




Loading