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Who Should Attend an Inspection?

What's your thought? Barry Stone of Inman News was recently posed this question. He brought out a few good points. But I thought that I would take it to the Active Rain community and see what our thoughts are.

For me, as a buyer, I would not want the seller there to muddy the water, or possibly make the inspection take longer on my dime. I feel that any questions brought up by the inspector could be addressed later.

As a mortgage pro, I'm always scared to death of inspections as they have the abilityto make a deal go south quicker then anything else. All it takes is the wording "Buyer to take care of all Inspection repairs." All too often the underwriter will want to see the inspection to see if there are any major issues. With that said, I could see where having the seller there to help explain, or agree to clear up, things could be helpful.

Larry Morris is a loan Officer with Equipoint Financial Network in Newberg, Oregon. He specializes in relocations and Sherwood, Oregon neighborhoods. He can be reached at larry.morris@equipoint.com. His website is www.PDX-Mortgage.com.

Larry Morris is a Certified Mortgage Planning Specialist with American Nationwide Mortgage Company in Newberg, Oregon. He specializes in USDA Guaranteed Rural Home Loans, FHA Purchase and Refinance, FHA 203k Rehab loans, Sect 184 Native American loans, Hobby Farm loans and conforming purchase and refinances in the states of Oregon and Washington.

He can be reached at 503-421-0096, or larry@PDX-Mortgage.com.

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Posted by Larry Morris, Oregon Mortgages on 04/17/2007 09:55 AM

Comments (10)

inspections

Originally posted at: Oregon Mortgage News: Who Should Attend an Inspection?

This post has been included in Oregon Information

10 Comments on Who Should Attend an Inspection?

APR

2007

Larry

If you have a competent inspector you shouldn't need the seller there to answer questions

Whether I represent the buyer or the seller I attend the inspection, at least the "summation" at the end. I like to know what the issues were and if anything needs to be addressed. Sure there are inspectors that can scare off the buyer but that is not very often in my experience. Sure it may take a little longer but in the end everyone involved in the transaction has a good picture of the status.

As seller's agent with many vacant but furnished homes, I attend all inspections to safeguard my seller's interests. When representing the buyer, I attend just long enough to reinforce the fact that the inspection is the buyer's inspection and the inspector is the employee of the buyer. Other than that, I'll unlock and lock the doors.

Larry,

I prefer the seller not to be there because if there is a major defect they get all offensive about it stating they lived here with this defect and it hasn't affected their ablility to inhabit the house. I also believe it makes it hard for the buyers to ask the inspector questions when the sellers are breathing down their backs. Good Question to ask though!

Terry - I agree. But often sellers want to be there.

Gary - Good point. I'm not so concerned about inspectors scaring off buyers. As a Realtor you have control over which inspector to pick and can steer away the "rough" ones.

Jim - Good response.

Ronda - Excellent points.

I agree with Terry, if you refer an inspector whom you trust, you can spend time more usefully by doing other things rather than overlooking someones work.

Representing the Buyer, I like to be there. I've found inspectors very cooperative to educating me when I ask what they are doing such and such for.

Larry:

I attend all inspections - As agent, I like to have an idea of where possible issues are. I never recommend my sellers attend, in my experience sellers attending the inspection tend to cause more damage than help.

Competent inspectors are fully capable of completing inspections without the sellers attending. If further information is needed, it usually can be provided by the sellers at a later time.

Sandra

I ALWAYS want to be in attendance at inspections ...even if I am the sellers agent...so I know what is a deal breaker and what is just cosmetic clean up.....

To be informed and be able to inform the client is TOPS in my book....

=-)