I wish there was the equivalent of a carfax report for homes. When I bought my last car, a used Infiniti, I knew more about that car than most homeowners will ever know about their homes. From reading the Carfax report, I knew what to expect from the car even before taking it for a test drive. I knew more about this one particular car than most homeowners know about houses they’ve called home for several years. If the homeowner doesn’t know that much, how much less will a home buyer know?
Imagine buying a used car you had never seen before, knew nothing about the manufacturer, were ignorant about the car’s features and could not take it for a test drive. Imagine that the only known facts were the car’s age, the number of seats and the size of the trunk. [Read more…]