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Would appreciate some first time home buying advice..re home inspection and negotiation

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Would appreciate some first time home buying advice..re home inspection and negotiation Stephen Huckaby 02-08-2005
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Posted by Bob Pietrangelo on February 8, 2005, 6:13 pm


Do not hire a home inspector. Hire a plumber, an HVAC guy, a roofer, an
electrician, and a pest specialist. You can walk aroung and look at paint
and everything else. HAve these pros give you a buyers inspection. These
people have been doing this for a while and know what to really look for.

--
Bob Pietrangelo
bobp3@comcast.net
bob@comfort-solution.biz
www.comfort-solution.biz
On Time or Your Service Call is FREE
Preventive Maintenance Specialist





>
> First I'd like to say I'm a upright, honest sort of guy.
> I'm buying my first home from someone, the seller/home owner.
> When I went to the morgage broker he suggested having a home
> inspection before making the contract final - and I would be the
> one to pay for the inspection. No problem.
>
> When I told the Seller, he said he had no objections to the
> inspection, but he was told by a "friend" who buys and sales
> homes, that people often take the Inspection report to the
> bargining table and use it as a deal breaker, ie, EITHER FIX ALL
> THE PROBLEMS IN THE REPORT or DROP THE PRICE OR WE WALK.
> And the seller said when he quoted me a price, he gave me the
> firm bottom price. He had it marked up to 'account' for any
> negotiation.
>
> I have to tell you this never, never occured to me. I am hoping
> that the report will save me from buying a "Money Pit." I
> realize the home I am trying to buy is not new and there will be
> MINOR problems.
>
> I don't have a friend who is a realestate agent to ask these
> questions. Not even a friend of a friend of a friend who saw a
> show.......
>
> But, while I know some wear and tear is quite reasonable, what is
> not. The easy answer would be "What can you afford." But that
> is not a good answer. It the report comes back with a problem of
> say Water Damage and $2000 to repair, should I eat the cost
> What about $5000 for the Damage or $10 K.
>
> ANY ANY ANY ANY advice whatso ever you can give me re buying
> my first home would be greatly appreciated.
>
> If I sound Ignorent, its cuz I is. Please help me.
>
> All apollogies if this is not the right Forum to post this
> questions, but I lurked for a while and the people of this group
> seemed to be in the know.
>
> Stephen H.
>




Posted by on February 8, 2005, 3:54 pm


"Do not hire a home inspector. Hire a plumber, an HVAC guy, a roofer,
an
electrician, and a pest specialist. You can walk aroung and look at
paint
and everything else."

That's an interesting idea. Besides costing many times what a home
inspector would cost, who's going to give opinions on issues like the
foundation, possible non-existant or too short railings on decks/stairs
that are required by code, attic insulation/ventilation, moisture
problems, mis-routed bathroom vents, driveway pavement, drainage, the
list goes on. And even the ones here that can be seen are not going to
be obvious to a newbie homebuyer like the OP.



Posted by Edwin Pawlowski on February 9, 2005, 12:20 am



> "Do not hire a home inspector. Hire a plumber, an HVAC guy, a roofer,
> an
> electrician, and a pest specialist. You can walk aroung and look at
> paint
> and everything else."
>
> That's an interesting idea. Besides costing many times what a home
> inspector would cost, who's going to give opinions on issues like the
> foundation, possible non-existant or too short railings on decks/stairs
> that are required by code, attic insulation/ventilation, moisture
> problems, mis-routed bathroom vents, driveway pavement, drainage, the
> list goes on. And even the ones here that can be seen are not going to
> be obvious to a newbie homebuyer like the OP.

If the inspector finds a plumbing problem, then it would be prudent to have
a plumber check it out. I'd agree that way.




Posted by John Willis on February 8, 2005, 7:02 pm


On Mon, 07 Feb 2005 22:03:35 -0500, Stephen Huckaby

>
>First I'd like to say I'm a upright, honest sort of guy.
>I'm buying my first home from someone, the seller/home owner.
>When I went to the morgage broker he suggested having a home
>inspection before making the contract final - and I would be the
>one to pay for the inspection. No problem.

You've had some good advise, as well as another kind of advise...

There is no substitute for first hand knowledge and experience. Home
inspectors are usually quite good at reading the "moron meters" that
you poke into all the outlets to test for polarity, and if they got a
good meter it will even properly test those fancy outlets found in wet
areas of your home. Assuming the inspector knows how to understand and
interpret the results the "moron meter" gives him or her...

Inspectors. I'm sure there are some good ones out there simply because
the law of averages demands that not all of them are incompetent. Some
of them have to be worth their fee. Unfortunately, if that inspector
was really any good at plumbing, hvac, electrical, roofing, structural
engineering, framing, drywall, etc., etc., etc., then wouldn't that
individual be better off making more money in that particular trade
than in performing inspections?

In our neck of the woods all you have to do to be a home inspector is
pass a state mandated test and show some minimum number of hours of
coursework. You don't have to have any first-hand knowledge or
experience about what goes into building and/or maintaining a home.

That being said, if you can find a good inspector, one who works well
for his fee, one who knows what to look for and what constitutes real
concerns, then you would do quite well to hire him to look over your
potential purchase and give you his considered, expert opinion. If, on
the other hand all you can find are home inspecting hacks, then forget
the home inspector and see if you can get real professionals out to
look things over-something you ought to do if a good home inspection
report uncovers any major problems just so you can, at the same time,
get estimates for how much those problems would cost to fix. This
increases your negotiating position.

Under no circumstances should you have the current owner perform any
of the repairs. The current owner has an incentive to cut costs at
that point, which runs counter to your interests. Negotiate a lower
price and pay for the repairs yourself or have the seller place the
repair funds in escrow, to be paid out to the contractor(s) when the
repairs are performed and payment is due.

Home inspectors. A few are good. A very few. Considering that even a
good home inspection can't look at the framing, can't look at all the
wiring, can't check out all the plumbing, etc. simply because all
those systems are covered up except at their access points (meters,
electrical boxes, switches and plugs, toilets, sinks, tubs, etc.) and
they don't have the specialized knowledge of the professionals in
those fields...well, lets just say the report is an opinion of a
moderately educated individual, which you can and should become
yourself if you want to make wise purchasing decisions.


--
John Willis
(Remove the Primes before e-mailing me)


Posted by Dan on February 9, 2005, 4:14 am


On Tue, 08 Feb 2005 16:02:42 -0600, John Willis

>On Mon, 07 Feb 2005 22:03:35 -0500, Stephen Huckaby
>
>>
>>First I'd like to say I'm a upright, honest sort of guy.
>>I'm buying my first home from someone, the seller/home owner.
>>When I went to the morgage broker he suggested having a home
>>inspection before making the contract final - and I would be the
>>one to pay for the inspection. No problem.
>
>You've had some good advise, as well as another kind of advise...
>
>There is no substitute for first hand knowledge and experience. Home
>inspectors are usually quite good at reading the "moron meters" that
>you poke into all the outlets to test for polarity, and if they got a
>good meter it will even properly test those fancy outlets found in wet
>areas of your home. Assuming the inspector knows how to understand and
>interpret the results the "moron meter" gives him or her...
>
>Inspectors. I'm sure there are some good ones out there simply because
>the law of averages demands that not all of them are incompetent. Some
>of them have to be worth their fee. Unfortunately, if that inspector
>was really any good at plumbing, hvac, electrical, roofing, structural
>engineering, framing, drywall, etc., etc., etc., then wouldn't that
>individual be better off making more money in that particular trade
>than in performing inspections?
>
>In our neck of the woods all you have to do to be a home inspector is
>pass a state mandated test and show some minimum number of hours of
>coursework. You don't have to have any first-hand knowledge or
>experience about what goes into building and/or maintaining a home.
>
>That being said, if you can find a good inspector, one who works well
>for his fee, one who knows what to look for and what constitutes real
>concerns, then you would do quite well to hire him to look over your
>potential purchase and give you his considered, expert opinion. If, on
>the other hand all you can find are home inspecting hacks, then forget
>the home inspector and see if you can get real professionals out to
>look things over-something you ought to do if a good home inspection
>report uncovers any major problems just so you can, at the same time,
>get estimates for how much those problems would cost to fix. This
>increases your negotiating position.
>
>Under no circumstances should you have the current owner perform any
>of the repairs. The current owner has an incentive to cut costs at
>that point, which runs counter to your interests. Negotiate a lower
>price and pay for the repairs yourself or have the seller place the
>repair funds in escrow, to be paid out to the contractor(s) when the
>repairs are performed and payment is due.
>
>Home inspectors. A few are good. A very few. Considering that even a
>good home inspection can't look at the framing, can't look at all the
>wiring, can't check out all the plumbing, etc. simply because all
>those systems are covered up except at their access points (meters,
>electrical boxes, switches and plugs, toilets, sinks, tubs, etc.) and
>they don't have the specialized knowledge of the professionals in
>those fields...well, lets just say the report is an opinion of a
>moderately educated individual, which you can and should become
>yourself if you want to make wise purchasing decisions.

I've been following this thread with some interest- I do home
inspections, as well as other kinds- There are two of us in our
office who do them, we are both ASHI certified, as well as being ICC
certified as Housing and Property Maintenance, Residential Building,
Residential Electrical, Residential Plumbing and Residential
MechanicaInspectors- I am also certified by the ICC as a Certified
Building Official, a Certified Building Code Official, A Certified
Plans Examiner, a Certified Housing Code Official and a Commercial
Building Inspector- You can get a good home inspector if you look
around and check qualifications! I never get involved in price
negotiations, my job is to make sure the buyer knows everything they
should know about the investment they are considering making- Their
final decision is completely up to them, I just try to make sure it's
an informed decision!

Dan


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