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‘The Confident House Hunter: A Home Inspector’s Tips for Finding Your Perfect Home’

If you're looking to buy a house,

(Credit: Cedar Point Press )

If you’re looking to buy a house, “The Confident House Hunter: A Home Inspector’s Tips for Finding Your Perfect Home” (Plain Sight Publishing, $16.99) is packed with plain-English advice for spotting problems before you sign on the dotted line. American Society of Home Inspectors-certified inspector Dylan Chalk shows readers how to get the most out of inspections, outlines his guiding principles for making informed real estate decisions and shares strategies for sorting homes by age, ownership history, type and architectural style. He dedicates several chapters to walking through the “nuts and bolts” of a multitude of home systems and highlights the calling cards of destructive household pests in another. Chalk sprinkles personal stories from the field throughout the book, which includes a handy, book-ending cheat sheet with his top 20 nuggets of wisdom.

Eight Ways To Determine If A Property Is A Good Real Estate Deal

 

Opinions expressed by Forbes Contributors are their own.

1. Check For Zoning Issues And Liens

Generally speaking, one way to tell is when a property has a characteristic or complication that leads to an automatic “no” for the majority of investors. Zoning issues and liens on smaller non-institutional grade property are a sweet spot. These properties are too expensive for retail DIYs but not enough meat for institutions. – Colin Bogar, Property Passbook

2. Follow The 1% Rule

There are many ways to evaluate investment returns when purchasing an income property. As a general rule of thumb, I always advise my clients to use the 1% rule as an investment strategy. The 1% rule states that the income property should rent for at least 1% of the purchase price to yield positive cash flow. The due diligence would be analyzing the fair market rental rates in the area. – Alex Chieng, A & L Real Estate Team

3. Let Go Of The HGTV Hype

In order to score a great deal on a property, buyers need to forget the HGTV hype and let go of lofty expectations. Buy the “worst” place on the block and slowly renovate as your budget allows. Formica and old appliances won’t kill you, and the there is a lot to be said for the value of location over the perceived value of something as easily replaceable as countertops. – Elizabeth Ann Stribling-Kivlan, Stribling.com

4. Check The Cap Rate

Cap rate (i.e., the price/earnings ratio) vs. the neighborhood is one such signal, although sometimes there are legitimate reasons for some sellers to be more motivated than others. We’ve also found price per square foot or price per door vs. neighborhood comps to be important metrics, when used properly. Successive price drops can also signal a good buying opportunity. – Larry Solomon, TheGuarantors

5. Look At The Roofline

Look at the roofline. This is a trick taught to me by a well-known home inspector, Dylan Chalk, author of The Confident House Hunter: A Home Inspector’s Tips for Finding Your Perfect House. Dylan has done structural inspections on about 5,000 homes. It’s the first thing he looks at. It can tell you if the house looks sturdy, complicated, simple, elegant, vulnerable or weak. Is it original or has it been added to? Will it drain properly? Rooflines reveal. – Kevin Hawkins, WAV Group, Inc.

House Hunting Book wins National Book Award


 

House Hunting Book wins National Book Award


June 16 · Denver, CO ·
So proud of Dylan Chalk winning today the National Robert Bruss Book Awards Silver Award from the National Association of Real Estate Editors (NAREE) for his fantastic book, The Confident House Hunter, available on Amazon and in bookstores.


Kiro 7 News

Aired – Sep 8, 2016


Seattle Times

Published – Sep 7, 2016


Kiro 710am Radio

Aired – July 17, 2016

Big thanks to Tom Kelly for having me as a guest on his radio show.
Kids had a blast being in a big fancy radio station!

Thanks to P1010185TOM KELLY the host of REAL ESTATE TODAY
KIRO-97 I will have the platform to support you in live time.

“Real Estate Today will be streamed live on Mynorthwest.com andKIROradio.com and people can also ask questions online by clicking on “Connect with Show.”

Invest in a free call!
When: This Sunday, July 17, 2016
Where: Real Estate Today, KIRO-97FM
Time: 9:00-10:00am
The toll-free number for questions is 1-888-973-5476 (KIRO).
Streaming from:http://kiroradio.com/shows/realestatetoday/


“With a zillion houses out there, Home inspector Dylan Chalk helps you find your perfect home in the midst of imperfection.
Chalk weaves over a decade of home inspection experience into stories and tips with helpful pictures, teaching homebuyers and real estate professionals how to look at and understand houses like a pro.”

“The Confidant House Hunter”,-2016 The Confident House Hunter: A Home Inspector’s Tips for Finding Your Perfect House Perfect Paperback – July 12, 2016 by Dylan Chalk (Author) 5.0 out of 5 stars