Recently, one of my sellers asked me, what is the INSPECTION REPORT for. I tried to reason with the buyer's agent when she sent over the request. Not EVERYTHING can be fixed on an inspection report and if you did fix EVERY item on the report and then hired a new inspector, there would be another list of things that were potentially issues. It's the nature of a house...even NEW CONSTRUCTION! Nothing too expensive on the report...a toilet flapper here, a little caulk on a roofing nail there...but in all, quite a little list of items. So here goes...an inspection report is designed to identify potential issues with a home before it's purchased. Repairs of things are generally negotiated, but if you would find an issue on 7 or 8 our of 10 homes in the neighborhood, it's not likely to be a real "ISSUE".
This came on the heels of his house going under contract, an inspection being performed, a report being delivered and then shortly after that a repair request.
I tried to explain to my seller that the inspection report allows the buyer to know exactly what he is getting into when they buy your home. Things will come up that have never been noticed by you while you owned the home and the inspectors job is to identify the issues in the home, large and small.
Here's where the story goes a little awry. The repair request was for every single item on the inspection report!
So I've submitted the request to the seller, he thinks the buyer is asking a little too much... I think he is asking too much...his buyer's agent thinks he is asking for too much. SO you would think that with three out of four thinking it's asking for too much this wouldn't be too hard to come to terms with.
How do YOU feel about Inspection Reports and repair negotations?
Top Agents Atlanta Metro - Milton, GA
Inspection reports really are for the Buyer to know what they may be getting into. We get all kinds of requests from, Nothing to Fix Everything. Sometime there is a negotiation; the seller has to look at their oprions, if the report was presented to the seller and they accept it and don't sell to person A, they are required to provide that report to person B...Z... and there may go the sale. Common Sense should be the standard, but then "how common is Common Sense"?
Sep 03, 2011 04:01 PM
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator
Before the inspection, I make sure the buyers know that we're looking for "functionality" issues and not wobble fan or drip at the faucet. That way, they don't send piddly lists like what you're talking about.
Sep 04, 2011 02:57 AM
Dan Edward Phillips, Humboldt and Del Norte Counties, CA - Eureka, CA
Humboldt and Del Norte Counties, CA
Good Morning Ron, excellent input for both buyers and sellers on the purpose of inspections.
Sep 06, 2011 01:34 AM
Rainmaker
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Ron Tarvin
Broker, Katy, Houston, Cypress 77450,77494,77095
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