Don't Let Home inspectors steer your contract

By
Real Estate Agent with Silvercreek Realty Group Idaho # SP26290

With the market tight and buyers and sellers battling for the best price, carefully review any inspection reports.  I recently had a listing under contract and the sale failed due to what my clients thought was inappropriate comments by the buyer client's inspector.

As this was an aged home (30 yrs), the inspector gave his own assessment of the heating system stating that it would probably wear out soon.  He also stated that the plumbing in the crawl space would cost hundreds of dollars to insulate.

These and several other comments were non objective and certainly the point of view of the inspector.  It is up to the agents involved in the transaction to determine if the cost is going to effect the price.  In this case my sellers felt they were being forced into a decrease in the sales price of their home because of the inspectors report.  Most real estate contracts can be used by the appraisers to determine value.  My clients chose to disregard all other statements in the report. 

Any other experiences like these, thank you

Rick

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Rainmaker
813,606
Chris Griffith
Downing-Frye Realty, Bonita Springs, FL - Bonita Springs, FL
Bonita Springs Listing Agent
I think we've all had an inspector overstate issues and kill a deal. I had an inspectore explain to buyers of my listing that the crack in the garage floor was a massive foundation failure and it would cost $150,000 to fix.  #1 concrete cracks in Florida, period.  #2 he quoted a dollar figure and he's not a certified general contractor.  I never used him again.  I tell my seller's about the situation and let them exercise the option to let him perform the inspection if the buyer chooses him.  It just so happens his business starts with an "A' in the yellow pages.  We run into issues from time to time where we ask the buyer to select someone else.  They've always cooperated.
Mar 09, 2007 10:11 PM #1
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Rainer
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Rick Snyder

Boise Relocation Realtor
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