Helpful information on home inspections in Torrance CA
One of the more treacherous parts of an escrow is the home inspection and request for repairs. Often times the buyer thinks that the home inspection is a “checklist” of what needs to be fixed while the seller either thinks their home is perfect or “it was just fine for us so why does the buyer need things that work fine upgraded or repaired”. Finding middle ground isn’t always easy.
As the graphic below shows, 80% of home inspection reports show at least something needing to be fixed. We always recommend to both our buyers and sellers to be reasonable. On the buyer side stick to actual problems or repairs. If it’s an issue that the buyer will have to immediately pay for to have repaired…it’s a reasonable request. The biggest challenge items are either those called out as not up to current code, or items towards the end of their service life. Buyers need to understand that the statement “not up to current building code” does not mean it’s necessarily problematic. Codes change all of the time and unless it’s a clear safety issue, it’s usually best to stick with actual repairs. Items at the end of their service life really depend on the item, the cost and how extensive the rest of the repair list. We’ve found that asking for everything usually ends with the seller dismissing any repairs….even the reasonable ones.
Keith Kyle is a top producing realtor and Torrance real estate specialist with Vista Sotheby’s International Realty in the South Bay. Contact Keith for more information on how the home inspection and escrow process works in Torrance real estate.
**Update** This home has sold. See all of the current homes, townhomes and condos for sale in the communities of Plaza Del Amo. Just in time for summer, this beautiful and spacious townhome located in one of Torrance’s great neighborhoods offers numerous upgrades in the peaceful Park Plaza community. This two level townhome offers an ideal layout with all 3 bedrooms upstairs and all living areas on the first floor. The first floor offers a beautiful kitchen and breakfast nook overlooking one of the multiple patios and decks. The dining room and living room sit just off of the kitchen and offer solid hardwood walnut floors and a custom-built fireplace and direct access to the patio making it ideal for entertaining and indoor-outdoor living. Upstairs the master suite features vaulted ceilings, a ceiling fan and a balcony looking out over the treetops. The two other bedrooms are bright and spacious making for an ideal floorplan. Detached separate 2 car garage steps away. Park plaza offers a gated entry, lushly landscaped open space, pool,spa and club house. This is a wonderful property in a tranquil setting, and resides in the award winning Torrance Unified School District.
With a shortened month, Torrance CA saw 80 homes sell in February 2015. There was only one sale over $1,000,000 and the median home price for the month was $547,000. See below for February’s home sales.