Up to Code

Every buyer has the right to do an inspection on a home. Most will use a licensed home inspector to go through and touch and twiddle with every moving part, test all the functions of all the things… you see where I’m going with this.

However, one of my biggest pet peeves is the “up to code” question.  Don’t get me wrong, there are some very important aspects of a home that create safety issues. I’m not talking about that.  My issue is that I know how often codes change. I’m married to a general contractor, I pick the brains of those out there doing things, I talk to home inspectors, I do research and take classes, all to better my knowledge in my field. Part of that is knowing what kinds of things will fly and what won’t… from a lending stand point.

Here’s the simple answer. No home is “to code”. None, zip, zouch.

When a home is built, it is required to have a permit for the build. During that build, a home is inspected at several points, to ensure that it is built to code for safety and structural reasons.  They will make sure that the footings are right, the plumbing and electrical is right. They’ll make sure that the framing, the roofing, the ‘all the things’ are ‘right’. Until a home is done, RIGHT… it is not giving a certificate of occupancy.  Until that certificate is received, it is uninhabitable.  NONE.

Now that the new owner has it’s certificate of occupancy, you can almost bet that a code changed, and the home is now ‘out of code’.  In the construction world, we see laws and codes change so frequently, it’s honestly hard to keep up.

Your home will not need to ‘pass inspection’ in order to close. It needs to pass the appraisal. But that’s another story all together.

So, what do you do when the home is built in 1950, and the sellers never did anything to bring it ‘up to code’? You have 2 options… Either you buy a home with a lengthy to-do list… or you move on.

Sellers are likely willing to make minor repairs when they have a solid buyer willing to pay their acceptable price for a home, but lets be real… they’re not remodeling the home for you.  Be prepared to do things like replace outlets, anti-syphons, or self closing doors. Some sellers will do these things, but you should be prepared to take it on if it’s important to you.

Contact me for more information!

15 + 5 =

Is Your Agent Exceptional… or a DUD

Arizona Licensed Agents As of writing this, there are around 92k licensed Agents in the state of Arizona. About half of those are in the Maricopa Valley area, including everything around Phoenix. It's said that about 20% of the real estate agents sell 80% of the real...

Who Pays for the Real Estate Commissions?

There has been an uproar in the Real Estate World recently, regarding the commissions paid to the buyers agents.   The Backstory NAR came under attack recently by the DOJ (Department of Justice), for their requirement that a seller offer a buyers agent...

Switch Bait Financing Issues

We're in a competitive market right now and buyers are getting desperate. They're up against multiple offers, with variant levels of risky conditions. Buyers waiving contingencies Buyers making earnest money non-refundable Buyers are paying cash more than ever Buyers...

Hard Money Loans are Not the Same as Cash

You're in a competitive market and you want to make a strong offer. You're tired of being beat out  by these cash investors. It's understandable… but what can you do? Some buyers have looking into hard money loans, as an option to avoid pitfalls in financing, like...

Investors and Wholesalers

Arizona is being purchased up by investors, and the public is feeling the strain. But who are these investors buying up all the homes and why?   iBuyers The iBuyer has been around for a while now, and a lot of sellers have benefited from them. They move in to an...

The Claims History Report

First, lets just clear something up... The Claims History is NOT the same as a CLUE report. We do not get a CLUE report from the insurance company. A CLUE is a Comprehensive Loss Underwriting Exchange report. A CLUE report will give you the claims history, sure, but...

The Sellers Disclosures (SPDS)

The Sellers Property Disclosures Statement is commonly known in the Real Estate world as the SPDS (or Spuds, but never spell it that way!). In the state of Arizona, we are what you would refer to as a Disclosure State. That means that the seller of a property is...

Proof of Funds

When you are buying a home with cash, the contract states that a proof of funds (POF) will be provided. There is no standard form however. Proof, is proof. So, what would be considered a valid proof of funds? Bank statement. If you choose to do this, you should...

The Cure Notice

In the purchase contract, there are MANY items that both parties are responsible to follow. If you do not follow these terms of the contract, you may be in breach. However, according to the Arizona Purchase Contract, if you are outside of the terms of the contract,...

Pin It on Pinterest

Share This