When Should I Send the Appraiser Back to "inspect" the foundation ?

By
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

   Email from  Selling agent....who has received the invoice, lien waiver and multi year warranty from reputable Emailfoundation specialist with decades of experience and mega references:  "When should I send the Home Inspector to inspect the foundation repair ?"

  Hmmmmm a conventional loan...an appraiser is qualified to do what ? ...with all due respect he/she is not a foundation specialist...and why would that be necessary ?  No clue, in decades of experience...no one has found this necessary...OR indeed conclusive.  

   No, the Seller will not have the driveway plowed on a now snow shovelingvacant home so that the appraiser can inspect what he is not qualified to inspect and avoid tracking slush all over the house. 

    Where does this come from ?  Again we think it's related to the training or apparent lack thereof ...(agent also uses the "title" inspector and appraiser interchangably....OY !) in this case of both the lender AND the agent...easier just to do everything you are "told" whether it makes sense or not...apparently.

    If you want real estate agents who "make sense" in southeastern Wisconsin...Call Sally K. & David L. Hanson, Broker Associates with Keller Williams Realty honored to be of service for all things real estate.

        

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


home worth iconemail iconhome searchLinked In  facebook

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Best Practices
Tags:
home inspections
home appraisals
mortgage lending practices

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
3,341,839
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Sally and David- every day must be a new day for all agents. You think you've seen it all and then this!

Apr 16, 2018 10:50 AM #1
Rainmaker
2,633,821
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow Sally and David,  That is a new one on me, I could maybe se a structure engineer come back but that it.

 

Apr 16, 2018 11:12 AM #2
Rainmaker
3,624,588
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

?If the inspector is qualified to inspect the foundation they should have done that the first time around

Apr 16, 2018 11:30 AM #3
Ambassador
2,747,221
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I respect appraisers as a whole but there is a level of expertise that they have and don't have and they should not pretend to have Sally K. & David L. Hanson 

Apr 16, 2018 04:16 PM #4
Rainmaker
2,468,352
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Sally.

Just had an issue with a possible foundation problem found by the inspection.  Turns out no issues, it cost my clients but well worth it.  Those inspectors should stick with what they know and not speculate 

Apr 17, 2018 01:30 AM #5
Rainmaker
2,898,840
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hello Sally and David.  This is a real head-scratcher. It happens in real estate and in life.

.

Apr 17, 2018 04:45 AM #6
Rainmaker
2,003,764
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That is crazy, the invoice and proof of work completed properly should definitely suffice.

Apr 17, 2018 10:38 AM #7
Rainmaker
4,313,592
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I've never heard of such a thing, either.  Curious as to how this one worked out.

Apr 20, 2018 05:08 AM #8
Rainmaker
587,249
MaryKay Shumway
The Kellstrom Ray Agency, Inc. (Est. 1948) - Sister Bay, WI
Door County Wisconsin's Real Estate Expert

New law in Wisconsin as of last year--I called several appraisers because of new glitches in contracts that we hadn't seen before.  Appraisers are now expected to be home inspectors per the banks, and they are NOT happy about it.  We've seen it multiple times here and have argued it--generally an invoice suffice for underwriting purposes, as well as a photo or a Notice/Amendment clarifying the issue.  I had a bad one in November regarding a foundation, and it was via the appraiser.  

May 19, 2018 10:12 AM #9
Rainmaker
2,786,999
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Fortunately MaryKay Shumway we have not had that experience...we usually outline what is going to or has been fixed if there are concerns...egos sometimes get in the way ! We have never had an appraiser return...knock on the foundation !

May 19, 2018 10:24 AM #10
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
2,786,999

Sally K. & David L. Hanson

WI Realtors - Luxury - Divorce
For All Things Wisconsin Real Estate...Call the Hansons
*
*
*
*
Spam prevention