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EHoag7 | Why do home inspectors always seem to kill real estate deals? !? |
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lumberman57
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My experience has been that they point out things that normal people don't give a crap about,but when a professional puts it into a report it looks bad. I work with 2 companies all the time and the inspectors are drama queens and have never been in a house that they have liked. I would love to take a walk through their own homes to see how much crap is wrong. I know people think the same things about appraisers too. |
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Skip
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Home inspectors never kill deals, they have no personal interest in a transaction. They are hired to do a job and write their findings down.
Once they have done their job, it is now up to the parties involved to decide it the transaction is going to be completed
The home inspector and the appraiser have a fiduciary responsibility to act as independent parties in any and all transactions involving real estate and does not side with any particular side of the transaction whether it is the buyer or 'the seller.
I hope this has been of some use to you, good luck.
"FIGHT ON" |
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Scott B
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They are just doing there job. The best way to get a Real Estate contract excepted, and to get a smooth closing, is to stipulate that the home inspection is for major items ONLY--structural integrity/ heating/ AC/ electrical/ plumbing/ roof. The contract should state that anything cosmetic will not be fixed since the buyer can inspect/will be aware of them. If there are cosmetic deficiency's, they should be reflected in the offer price. |
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Anon
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The only thing they can say is "pass" or "fail". You would only notice them when they fail a property.
If the property is so bad that they have to fail it unless repairs are done, odds are it's not worth what's being asked. (At the very least, it's worth the settled price minus repairs).
Also, they are responsible if they miss something, so they ahve to look at everything. If an inspector says something's OK and they are wrong, the buyer might sue them as well as the seller. So, it's safer to say "fix it" than "it's probably all right".
Hidden damage can sometimes be VERY expensive to fix. The more obviously it's hidden, the more annoyed an inspector will be that someone "tried to put one over" on him. |
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Tiss
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I'm thankful for home inspectors. I would hate to buy a house, and then find out there was something major wrong with it. You sound like you are a seller who is trying to unload a house that needs work. Why don't you fix it, or reduce the price, so the new owners can fix it? |
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NONAME
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I've rarely seen that happen in 10 years.
Problems only usually arise when the sellers haven't already properly disclosed things that are wrong with the home. If they had done so, the price could've been adjusted to compensate.
And of course the seller can always choose to pay for the repairs, but if the repairs are so bad as to kill the deal otherwise, the seller probably didn't have the money to fix it before, and doesn't have it now either.
Inspectors aren't out to kill deals. They are out to give an honest assessment of the condition of the property and it's amenities. It's up to the buyers and sellers to sort the rest out. |
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Valerie C
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Home Inspectors represent the person or persons purchasing the property. They are being paid money by the purchasers to make sure that the property they are about to purchase is in sound condition. Home Inspectors will usually make a list of problems that they find and submit that to the buyer. If the buyer decides that the problems will not amount to too much money to repair, they will go ahead and purchase the property. If they think that the problems are severe and that they will cost a lot of money to repair, the buyer will definitely deduct the cost of repairs from the purchase price, or they could change their minds altogether and not even purchase the property after all. In the event that the Home Inspector misses an important problem and the buyer purchases the house only to find out the problem later, they could possibly sue the Home Inspector or possibly even the property owner if the item should have been disclosed. However, most Home Inspectors will have a Hold Harmless Clause which means that the buyer will have signed off before the inspection is made in terms of the buyer not sueing. |
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♥ Suzette ♥
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because they like to |
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Jay S
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A good home inspector is unlikely to "Kill a deal." In fact, a good inspection offers negotiating opportunities for your real estate agent. No matter what an inspector finds, the buyer and seller are in a situation to negotiate. Price and/or terms such as repairs, closing dates, and more can be changed to suit both parties in most cases, meaning the deal doesn't have to die. Finding problems during an inspection means the buyer won't have to sue the seller after the sale for things that should have been taken care of. So even though it may look bad when your inspector or the buyer's inspector gives a long repair list, a good Realtor can often save the situation. That is, afterall, why they exist! |
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frankie b
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I rarely find that they do. You must be a starving Realtor who wants to put the blame on others. They are just doing a job. If you have 3-4-5 deals going at once you don't care if a inspector "KILLS" a deal. But when its the first one you have had in 3 months, it sure seems that way. I suggest doing you job better, and not worry about theirs.
RE Agent,
Remax |
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