A Lesson For Everyone Purchasing A House

By
Real Estate Agent with Classic Realty Realtor

I'm not sure about you, but I've had many experiences throughout life, many of them avoidable, that has cost me mega dollars, valuable time and sometimes serious embarrassment!

I was recently chatting with someone who thought he did not need a Home Inspection when purchasing a house several years ago. In fact, he shared very clearly with his Realtor® that a Home Inspection was a waste of time and money. So, the Realtor® had him sign off on the Home Inspection, they closed on a house that had been vacant for nearly two years and the purchaser was happy, well at least for a moment.

The next day, the new home owners moved in, settled in and the morning after, he decided to turn on the Outside Faucet. He then walked away for a few moments, not realizing that the pipes above the garage had froze during the winter months when the house was vacant, and as a result, the new home owner didn't have just a small leak, but a Major Flood on his hands. Most of the drywall on the ceiling of the garage came down, water was actually penetrating the outside walls of the garage and was running down the street! Needless to say, it cost him a lot of money and needless energy to remedy the problem.

Lesson Learned: If you are purchasing a house, HAVE A HOME INSPECTION! A simple Home Inspection would have in all likelihood, turned up this kind of problem and probably could have been negotiated to be fixed before the close.

 

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Ambassador
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

David - similar example. The guy was buying an oceanfront home, but wanted to rebuild it and because of that said he did not care about the  inspection. The agent had him sign the disclaimer. He bought it, but when the crew removed the drywall, it was eaten up by termites to a point that the city came and condemned it. The guy ended up with buying oceanfront land, but no home.

Came up rather costly

Jul 24, 2011 09:34 AM #1
Rainmaker
136,088
Sherri Berry
Reliant Realty, Murfreesboro - Murfreesboro, TN
Murfreesboro TN Homes & Real Estate

David it always amazes me when anyone goes forward with buying a home today without a home inspection.  It is the best money ever spent.  

Jul 24, 2011 09:39 AM #2
Ambassador
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Ain't that the truth. Years ago, before Real Estate, my husband and I bought a home along the Oregon coast. It was a lovely remodeled home and we didn't do any inspection. Our realtor never mentioned it...we were from Alaska. Guess what? Much of the foundation was compromised because of carpenter ants. We had to lift the house up and do major repairs...about 15-20K worth as I recall. That was a good lesson too. :)  Just read comment #1 - I guess we were lucky.

Jul 24, 2011 09:53 AM #3
Rainmaker
172,793
Bruce Parker
RE/MAX Best - Highland Park, NJ

I had a termite infested home I bought. The only one I did not do an inspection on. great post. Man its hot out. How is your area?  We will all miss summer when the snow comes back!

Jul 24, 2011 10:14 AM #4
Rainmaker
558,303
HGNL Digital Marketing Agency
Detroit, MI
We are a full service real estate marketing agency

Hi David,
Thanks for sharing.
Home Inspections are highly recommended.
It's funny, the two most common excuses I’ve heard for not getting a home inspection these days are:
1. I can't afford it.
2. I have bought a house before so I know what I'm looking for or my cousin/friend knows about houses so he'll look at it for me. Of course cousin/friend isn't a licensed home inspector.
I have clients sign a waiver to decline home inspection if they so choose and I always give them approx two more chances to either take or decline home inspection via email. That way if they were to suffer lost, I have the paper trail with three attempts and their three declined offer.
Have a wonderful week!

Jul 24, 2011 10:18 AM #5
Rainer
246,325
Daniel H. Fisher
www.FisherHermanRealty.com (704) 617-3544 - Charlotte, NC
MCRP - Charlotte Real Estate, NC or SC

Not having an inspection and refusing a home warranty led one client to have a $6000 HVAC repair the week after they moved in.  It could have been prevented or insured...

Jul 24, 2011 10:34 AM #6
Rainer
535,474
David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

Jon, one more reason why a Home Inspection is a MUST! Thanks for sharing!

Sherrie, you are right, a Home Inspection is the BEST MONEY ever spent! Thanks for sharing!

Debb, thanks for sharing your personal experience with us. Your Realtor blundered for sure!

Re/Max Best.... It's hot here, too! 103 yesterday!!!

Wandanna, you are wise to have clients sign a waiver, I do the same, when they decline a Home Inspection!

Daniel, that is a lot of money to spend when 300-450 would have purchased a Home Inspection. Lesson Learned!

Jul 24, 2011 11:11 AM #7
Rainmaker
5,379,381
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Very good message for home buyers.  There are a lot of frozen pipes in homes that were vacant during the winter.

 Blooming for you!

Jul 24, 2011 02:24 PM #8
Rainer
535,474
David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

Thanks Roy and the picture is great. You are right, even when winterized, sometimes pipes freeze and a Home Inspection is really important to uncover this.

Jul 25, 2011 12:59 AM #9
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Rainer
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David Burrows

No Pressure, Just Seriously Devoted to Real Estate
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