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Home Inspections: The Good, Bad and Questionable
It’s happened to many of us in the real estate business. The “engineering” or house inspection prior to a contract signing can kill the sale of a house. I remember the very first time I heard the complaint of a realtor whose engineering resulted in a failed septic system and the bank refused to give a mortgage.
“With a failed septic, it’s considered a non-functioning house!” my colleague told me. It was quite an expensive ordeal to get the house into functioning order and to move the transaction along.
A bad engineering report can either be a negotiating point or can put the kibosh on the purchase of the house, but in the best case scenario, buyers are assured that they are getting their money’s worth and that hopefully there will be no surprises once the deal is done.
The inspector’s job, under the standards of the American Society of Home Inspectors (ASHI) is to inspect all readily accessible systems. Inspection includes the foundation and under floor crawl space, the floor structure, walls, ceilings and roof structure.
On the exterior, the inspection is conducted on all exterior wall covering and flashing, all exterior doors, attached decks, balconies, stoops, steps, porches and their associate ... more
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