We recently came back from the inspection of our new house. I am very excited as we will be moving in only 6 weeks! Once you have decided after shopping for your house and you have an offer that is accepted, the very last step before signing to buy the property is to get an inspection done.
This will be my 3rd house I own and I am still reluctant to use an inspector. Nonetheless, I did it for my last 2 properties. I sometimes feel like having an inspector look at the house is just like paying for an expensive extended warranty. They take about 2 to 3 hours to look around the house, note a handful of things that could be improved and leave you with a report with no accountability. They mention in the report that you must use “experts” to verify each outlined points… $600 for being told that I “might” or might not have problems with my house… Do I really need this?
I was actually really happy to have one for my latest house. Not because I doubt there was something wrong (the house was built in 2006) but because I am not a handyman and the inspector was able to give me quick tips on how to really take care of my house.
He pointed a few things that need to be fixed in order to keep my house clean and straight as a nail. I was happy to be able to ask him questions about potential renovations and repairs on the house. He also explained to us how our radiant heated floors work (we have them on all three levels!).
So I think that an inspector is great thing to show you how to take care of your house and to make sure that there are no major problems. For that, I really like having an inspector before I make my purchase.
Believe it or not but my buyer tried to pinch another 5K off of my price after the inspection! If you have had an inspection before, you know that they always find 10,000 potential problems with your house.
Well the guy took all the minor defects (such as 1 panel of cracked vinyl, nail holes in my doors (no joke!), a small crack in the joint of my ceramic shower, etc….) and came back to me offering 325K instead of 330K. I was so upset! I just told him to keep shopping for another house if he doesn’t want to pay 330K!
In fact, the only time you can negotiate after an inspection is if you have major defect to repair (like $15,000 to invest in the foundation, change all the windows because the frames are rotten, etc.). So if there is something major that you were not aware before your offer, you can come back. But if it’s not the case, you are not in the offer – counter-offer process anymore, you have to take the house as is.
So overall, having an inspector in your house is a good thing. However, just don’t take everything they say to mess around with they seller 😉
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