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Purchasing a house is one of the biggest investments you will make. A wise decision is to have this investment inspected. Put the knowledge of Owl Inspection Services professionally trained inspectors to work for you. With our reputation for thoroughness and reliability, Owl inspectors are qualified to assist with all your inspection needs. All inspections are performed within the Standards and Code of Ethics of the American Society of Home Inspectors (ASHI) and Illinois Division of Professional Regulation. We encourage you to join the inspector throughout the inspection. Our professional licensed inspectors carefully examine more the 800 items. This is your opportunity to get to know your prospective new home. We inspect all accessible areas of the house.
We Inspect and Operate
Please join our tour of foreclosed and shot sale homes. We are a team of professionals able to assist you with all the services needed throughout the buying process. Wise buyers choose Owl Inspection Services What is the difference between a foreclosed home and a short sale? A foreclosed home is one that the banks or mortgage company has already repossessed and are usually selling at a discount to get rid of the property. Banks are in the business of lending money not being landlords. A short sale is homes for sale buy its current owner who is having trouble making the mortgage payments. And is selling the home for less than he currently owes on the home with the approval of his or her lender.
Why you ask would a bank or mortgage company accept a sale for less than is currently owed on the home? It’s quite simple the bank will spend more time and a considerable amount of money pursuing a foreclosure through the courts and have the added caring cost of the home once it is foreclosed on. So it is more cost effective to sell the home early in the foreclosure process. What are some of the pros of buying a foreclosed or short sale home? Motivated sellers, normally selling homes at considerable discounts. Able to purchase a larger home than in a conventional sale. What are some of the cons? The homes are sold as is. Which means the bank or mortgage company has no knowledge of the condition of the home nor will they make any repairs to the house? If a home went into foreclosure you can be certain all maintence on the home has been deferred for some time. If the old owner could not make the mortgage payment he could not afford to maintain it. Why do I need a Home Inspection if the property is being sold as is? All the more reason to get an inspection. A home might look like a great bargain at first, but if there is a lot of hidden damage it could be a financial strain on the new owner. A home that has been empty for some time utilities off can deteriorate at an accelerated pace. Water damage is found in many foreclosed home due to the electricity off and the sump pumps unable to run. HUD recommends all home buyers get a home inspection. The cost of a home inspection is low in comparison to the thousands you might spend on defects not seen by the untrained eye. Owl Inspection Services helps you know as much as possible about the property. We provide information you can use before you buy. Our reports highlight repair items discovered during the inspection. This knowledge will help you make informed decisions throughout the purchase. How do I order a home inspection? Its simple just call Owl Inspection Services 630 248 6500 to schedule an appointment. Wise buyers choose Owl Inspection Services Is there any other test or service I should consider ordering besides a Home Inspection? Yes a Radon Test. The Illinois Emergency Management Agency (IEMA) strongly recommends all home owners and home buyers test their current or prospective home for the presence of radon gas prior to purchase or taking occupancy. Radon comes from the natural breakdown of uranium in soil and rock. Radon enters a home because of air pressure and temperature differences between the home and the out side air. Radon is a cancer-causing radioactive gas that you can’t see, smell, or taste. It’s presence in your home can pose a danger to your family’s health. Radon is the second leading cause of lung cancer in America and claims about 21,000 lives annually. Who would I call for a Radon Test? Owl Inspection Services carries both Home Inspector license and a Radon Measurement license. Call Owl Inspection Services 630-248-6500 If a home test high for radon should I not buy it? A simple mitigation system can reduce the levels of radon to an acceptable level. So there is no reason not to buy the home. Just a reason to make sure you get a radon test. Steve Reilly |
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