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Durham Real Estate - Where are the GC's and Structual Engineers

By
Real Estate Broker/Owner with BSR Real Estate Group

This week I have been scheduling and gather quotes.

I have a listing.

I represent both buyer and seller.

The home is a rehad.

The home has been 100% renovated except for the crawl space.

The home was built in 1960 and has some wood root in the gurter and a few more places in the crawl space.

The inspector suggested a Structual Engineer evaluate, but then did a wink wink a General Contractor will be able to make these repairs, another wink wink wink a handyman will be able to replace all of the rotted wood and the home will be fine.

Buyers are concerned - they want the repairs done prior to closing, and the repairs to monitored by a structual engineer.

The seller is ok with this.

The problem has been quotes ALL OVER THE BOARD. I have had 3 to 4 contractors head over to the house and only 1 quote. The 1 quote does not recommend a structural engineer(but the buyer wants a structural engineer) so today I asked the contractor to obtain the approval and recommendations of a structural engineer.

2nd quote - contractor went to the property on Monday and will not provide me with a quote until Friday. Contractor has had the request since last Wednesday. I asked this 2nd contractor to ballpark it for me he was 5x higher than contractor #1.

 

I am frustrated because I feel like I have all of this responsibilty and I can't even get contractors out there.  My normal GC is the inspector I use he does not want to do this job because of the evident conflict of interest.

Now the other kicker the contractor will need to paid at closing from the sellers proceeds. 

I hope tomorrow everything comes together alittle better.

Comments (2)

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Shucks. 

Seems to me that if the county and state do not require a structural engineer to build a house, why do home inspectors keep passing the buck on them when they inspect. 

Structural Engineers are a scarce as hen's teeth.  There are only a few that do residential inspections and reports.  The cost is going to be about $500-1,000. Are the buyers willing to pay that??? 

If the buyers are so set on having a Structural Engineer inspect, tell them to find one and make the arragements.  Or, go with a licensed contractors who would do the work anyway.

Fact is, this should have been done before the hosue was ever listed.  Also, if this buyer walks, it's a material defect and will have to be disclosed to future buyers by the sellers and the agent.  Seems to me that the seller better find some money and the buyers better use a contractor. 

Of course, as a dual agent, you can't really advise either or is it both.

 

Dec 18, 2007 09:21 AM
Rebecca Savitski
BSR Real Estate Group - Cary, NC
NC Real Estate Listings

Lenn,

As a dual agent I can't advise but only disclose.

I have told seller there is no other option but to repair.

I have told buyer my various conversations. I don't blame the buyer at all when you hear the words "recommend structural engineer" a red flag immediatly pops up.

 

 

Dec 18, 2007 09:29 AM