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Passing on Inspections for New Construction?

Great Question and great info - This is a question that comes up again and again! Couldn't have put the right answer together more succinctly!

Via Peter Tamura (RE/MAX Executives):

We met with our clients for inspections in a home in Owasso, they had mentioned to me that some of their friends had wondered why they were investing in inspections on a new home.

The EMP inspector (electrical, mechanical & plumbing) discovered a leak in the shower pan that was leaking water into the adjacent room. He estimated that it would be a repair that could cost as much as $3,000 as the tile would have to be ripped out to do the repair. The builder who was also there was not happy but resigned to taking care of it prior to closing. It may seem reasonable to consider foregoing inspections on a new home, but it is always easier to get repairs negotiated and done prior to closing.

It's an example of being penny wise and pound foolish, we always recommend that clients get appropriate inspections. Happy house hunting, for more tips on searching for your dream home, contact us at 918-770-6999 or email at PTamura@TulsaRealtors.com

Posted by Liz Moras ~Chilliwack Realtor, Chilliwack,Hope,Langley,Abbotsford on 11/05/2009 08:05 PM

Comments (9)

New Home Inspections in the Home Improvement Channel

new construction inspections

Originally posted at: Liz Moras' Real Estate Blog: Passing on Inspections for New Construction?

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9 Comments on Passing on Inspections for New Construction?

NOV

Liz,

As a guy who does many of those new inspection I can say that about 80 percent of the time it is worth it. Once in a while not much is found but that is the exception.

It's such a small amount of money in the grand scheme of a home purchase and can save thousands in the long run. If they find something when they go to sell, now they're responsible. Builders use contractors who don't have to be license and just want to get the job done. So many things get overlooked. Quality just isn't what it used to be. Inspections on all property (except tear downs :) are a must in my book! I bet they're glad they got one!

While builders have warranties on their work, how many have gone under in the past few years. What good would that warranty be with a bankrupt builder. I would make a buyer sign a waiver of inspection if they elected not to do it. Quite risky.

GREAT advice, Thanks Liz

Liz - Always recommend an inspection, and I also like Dan have the buyers sign a waiver of inspection if they elect not to do it.

Sharon - me too but they so don't like to do them on New Construction - and I think it's from years of Realtors telling them they shouldn't have to on new construction!

Darrell - it is my advice but credit to Peter since I re-blogged his post! :-) thanks :-)

Dan - you're absolutely right and ALL the MORE reason to have an inspection pre-purchase!

Aja - you're right - and in some ways maybe its even MORE important in new construction!

Steven I didn't check - but maybe you've already done a post on that?

Hi Liz...Great Post on Building Inspections, we can all give Stories of problems found during inspections. I had a Buyer ten years ago want to Pass on an inspection...as the House was only 10 years old.." What could be Wrong"..The Buyers Wife said "Listen to Fred"...The Building Inspector found the Asphalt Roof turned to powder when you walked on it...apparently a Batch of Shingles was faulty from the manufacturer. That Saved my Buyer $4,000, they still talk about.

NOV

I recommend home inspections on new houses. I've seen enough problems with new houses.

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