How to Really Mess up a Home Inspection
My friends just found what they believe is the FSBO deal of the century. It's a big home, probably six bedrooms and four bathrooms. It's in a pleasant, well-groomed neighborhood with homes ranging from 500-600 grand. The houses could best be described as McMansions. You might have heard of these massive shelters that fall somewhere between practical and ostentatious, well-built and shoddy. Their big selling points are, typically, granite counter tops.
The one they want to buy is selling for about $150,000 less than the areas comparable sales. It seems like one heck of a deal, or so we all thought, until their buyer's agent told them that they didn't need to be present at the inspection. She said it in such a way as to convey convenience. In a "Oh, don't worry, you go get some expensive coffee and we'll take care of it" kind of way.
I didn't know about this until they showed up at our house with Starbucks. I asked them what they were up to and they said they were waiting for their home inspection to finish. I told them I hoped the technical, structural and overall integral overview of the BIGGEST INVESTMENT THEY'VE EVER MADE included a twenty-minute recess, because they needed to be with the inspector at the inspection of the Jenga stack of sticks and bricks they were about to pour $420,000 dollars into.
Nope. They were following their agent's advice. I told them if they really wanted to part with their hard-earned money on a potentially very bad investment they could just buy me at 52-inch flat screen and a lifetime supply of Pabst Blue Ribbon. BECAUSE HERE'S THE DEAL FOLKS...never, I MEAN NEVER EVER, ditch the inspection. Yah, sure you can, if you want, and if you're a money masochist. Then sure.
When you are at the inspection of the home--you know, the roof you hope will provide shelter from the elements and such--you get to ask questions about it's durability and even learn important things like if it will electrocute you when you pee barefoot. Another reason to attend the inspection is to find angles for negotiation. The furnace needs updated? The windows are old? Well now you can go back to the seller and get an even better deal. Or you can make the sale contingent on the replacement of these items. Yet another option is having the home's purveyor throw in a home warranty that covers all the appliances. These benefits can all come out of an inspection.
Yes, it's true, you will get an inspection report that explains the same things, but when you're with a certified National Association of Home Inspectors inspector, you can ask this valuable source of information questions face to face. And once you've closed and in the home you'll be standing over an overflowing toilet wishing you had.
So no matter what you're buying, an old Victorian or a brand new build, find an experienced NAHI inspector and spend as much time as possible with him or her.
And have you're real estate agent bring the coffee.
The one they want to buy is selling for about $150,000 less than the areas comparable sales. It seems like one heck of a deal, or so we all thought, until their buyer's agent told them that they didn't need to be present at the inspection. She said it in such a way as to convey convenience. In a "Oh, don't worry, you go get some expensive coffee and we'll take care of it" kind of way.
I didn't know about this until they showed up at our house with Starbucks. I asked them what they were up to and they said they were waiting for their home inspection to finish. I told them I hoped the technical, structural and overall integral overview of the BIGGEST INVESTMENT THEY'VE EVER MADE included a twenty-minute recess, because they needed to be with the inspector at the inspection of the Jenga stack of sticks and bricks they were about to pour $420,000 dollars into.
Nope. They were following their agent's advice. I told them if they really wanted to part with their hard-earned money on a potentially very bad investment they could just buy me at 52-inch flat screen and a lifetime supply of Pabst Blue Ribbon. BECAUSE HERE'S THE DEAL FOLKS...never, I MEAN NEVER EVER, ditch the inspection. Yah, sure you can, if you want, and if you're a money masochist. Then sure.
When you are at the inspection of the home--you know, the roof you hope will provide shelter from the elements and such--you get to ask questions about it's durability and even learn important things like if it will electrocute you when you pee barefoot. Another reason to attend the inspection is to find angles for negotiation. The furnace needs updated? The windows are old? Well now you can go back to the seller and get an even better deal. Or you can make the sale contingent on the replacement of these items. Yet another option is having the home's purveyor throw in a home warranty that covers all the appliances. These benefits can all come out of an inspection.
Yes, it's true, you will get an inspection report that explains the same things, but when you're with a certified National Association of Home Inspectors inspector, you can ask this valuable source of information questions face to face. And once you've closed and in the home you'll be standing over an overflowing toilet wishing you had.
So no matter what you're buying, an old Victorian or a brand new build, find an experienced NAHI inspector and spend as much time as possible with him or her.
And have you're real estate agent bring the coffee.
Labels: agents, homebuying, inspections, real estate, realtors






