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Posted by xrongor on February 8, 2005, 3:37 am
> The seller has just made it simpler for you to decide what to do.
>
> Get the inspection. If it turns up minor things you can deal with, go
> ahead with the deal. If it turns up something you don't want to pay
> for, tell the seller the deal is off because it doesn't meet your
> inspection contingency.
>
> Ordinarily, at that point, the seller negotiates a price allowance for
> the repairs. But if this seller says he won't negotiate, you don't have
> to worry about that, just tell him the house failed inspection and you
> aren't buying it.
>
> (This assumes that your offer includes a contingency for inspection --
> if the house doesn't pass and you can't reach an agreement with the
> seller, the deal is off, you get back your earnest money, the house goes
> back on the market.)
but you dont get the inspection fee back. educating yourself via the
library can get you quite a ways without having to pay someone.
randy
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Posted by Joshua Putnam on February 8, 2005, 3:33 am
says...
>
> > (This assumes that your offer includes a contingency for inspection --
> > if the house doesn't pass and you can't reach an agreement with the
> > seller, the deal is off, you get back your earnest money, the house goes
> > back on the market.)
>
> but you dont get the inspection fee back. educating yourself via the
> library can get you quite a ways without having to pay someone.
True, but in the context of an ongoing real estate transaction, starting
from scratch as a do-it-yourself inspector may be either too slow, or
too superficial.
--
josh@phred.org is Joshua Putnam
<http://www.phred.org/~josh/>
Updated Bicycle Touring Books List:
<http://www.phred.org/~josh/bike/tourbooks.html>
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Posted by xrongor on February 8, 2005, 2:15 pm
> says...
>>
>
>> > (This assumes that your offer includes a contingency for inspection --
>> > if the house doesn't pass and you can't reach an agreement with the
>> > seller, the deal is off, you get back your earnest money, the house
>> > goes
>> > back on the market.)
>>
>> but you dont get the inspection fee back. educating yourself via the
>> library can get you quite a ways without having to pay someone.
>
> True, but in the context of an ongoing real estate transaction, starting
> from scratch as a do-it-yourself inspector may be either too slow, or
> too superficial.
im certainly not saying its a substitute for a proper professional
inspection, but you should be able to spot obvious problems yourself, and
the books will give you a 'punch list' of things you wouldnt have thought of
checking. stuff like making sure there is flashing around a chimney,
problems with the ground sloping towards the house, etc...
if thats too much for someone, i have to wonder how they held a job and
earned enough money to buy a house in the first place...
randy
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Posted by on February 8, 2005, 3:39 pm
A book is a poor substitute for a professional home inspector. To
expect a typical home buyer, who won't even know what flashing is, to
climb up on a roof, inspect it and determine if it's done correctly is
crazy. Home inspectors see thousands of homes and all the common
problems so they know what to look for. I know someone is going to say
inspectors don't know squat, and I would agree there are some that are
not worth their fee, but this is like choosing any contractor. If you
do it right, you'll get a good one. And even if you don't, for someone
who isn't knowledgeable about home construction or maybe hasn't even
owned a home before, any inspection is better than none. Another key
point: An inspection report done by a home inspector is going to carry
a lot more weight in negotiating with the seller than a
non-professional opinion of the buyer. And in most cases, the
inspection more than pays for itself. It's rare for an inspector to
not find at least a few hundred dollars in repairs that the seller will
then negotiate off the purchase price. When I bought my home, I got
$1K+ in concessions from the seller after the inspection and the house
was only 8 years old.
For the OP, I'd make sure the purchase contract has an inspection
contingency. Then, get an inspection done. If it shows no major
issues and the house is fairly priced, then you can go ahead and buy
it. If it needs some bigger cost repairs, then either walk or get
estimates to repair and ask the seller to lower the price. And I'd
make sure I had a lawyer review the contract before signing, as for
most buyers, that is money well spent too.
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Posted by Goedjn on February 9, 2005, 2:26 pm
On 8 Feb 2005 12:39:50 -0800, trader4@optonline.net wrote:
>A book is a poor substitute for a professional home inspector. To
>expect a typical home buyer, who won't even know what flashing is, to
>
Most home inspectors are a poor substitute for a professional
home inspector. And if you don't know enough to evaluate
the house, the chances are pretty good that you don't know
enough to evaluate the inspector, either.
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