What can buyers' inspector require of seller?
katgal
8 years ago
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Comments (18)
ncrealestateguy
8 years agolucy132
8 years agoRelated Discussions
Does the buyer or the seller replace the windows?
Comments (5)twotogo ~ Here are the options: #1 - Seller does not replace windows or particle board. Buyer decides to keep the house because she really loves it. #2 - Seller does not replace windows or particle board and buyer asks or negotiates for a reduction in pricing and seller agrees. Buyer replaces windows and does repair themselves. #4 - Seller offers to give a credit off the housing price and buyer deals with repairs. #5 - Buyer walks away from the deal because they don't want to do any repairs. Not sure what particle board was used for in the bathroom. Depending upon what it was used in that may not be a bad thing. In today's market it is hard to believe that anyone is paying "top dollar" for a home although she may feel she is because she has a ceiling on her budget. It all depends on if she wants the house bad enough. If she can't get the seller to replace or repair or give a credit then the ball is totally in her corner. She says "yes" or "no". However, I do believe that the inspection showing things that need repairing or replacing will still be public knowledge for the next possible buyer. Same negotiations will commence. Robyn...See MoreNewbie Buyer -- Need Advice about Seller Disclosure Statement
Comments (8)dawiff, even though you have (wisely) chosen to pass on this house, be aware that home inspectors are NOT code inspectors by nationally accepted standards as well as most if not all states that license the profession. They are two totally different and separate professions. Therefore, do not expect the HI to find code violations if any exist. And beware of any HI who claims to inspect for code violations, as this is beyond the scope of a home inspection. If any HI claims to be able to inspect for code violations, require that the HI provide documentations that he is educated, skilled and experienced in code inspection. If this is a town that licenses code inspectorsÂ..ask to see the license. Most code officials specialize in one area of codeÂÂ.such as plumbing, or electrical or structural. Rarely if ever will you find one who is experienced in all. Beware of anyone who pretends otherwise. Last but not least, always require the home inspector to provide you with the contract BEFORE you hire him, in order that you know exactly what the inspection does and does not cover. As the old expression goes, "Get it in writing". Best wishes....See MoreDoes a buyer have to share a structural inspection with seller?
Comments (10)It depends on the state. In Wisconsin, the buyer has to provide the report if there was an inspection contingency, even if buyer does not request curing of defects. On the other hand, if a seller or broker receives a buyer's inspection report, s/he has to disclose any defects to any subsequent buyers. In Texas, the very fact that you receive a report as a seller, even if you refuse to open it or if you disagree with it means that you are " charged with knowledge of the information in the report." For that reason, many lawyers/agents recommend not to accept an inspection report that lists the defects....See MoreBuyer wants to meet Seller
Comments (64)The appraisal is FINALLY in...9,000 above our agreed upon price! Woo-Hoo! I was so relieved. My realtor said this should put a smile on the buyer's face and a zipper on his lip. We shall see. And, yes, we had set dates for inspection, appraisal, etc., and he ALWAYS goes past the dates by waiting until the day before the due date to schedule it and then it buys him another week or so and then he had his inspections split in two sessions. The news about the appraisal came in very late today so I hope this makes him (and my realtor) realize we are not going to do anything other than what is actually considered a contractual requirement to get this deal accomplished and if we need to start over we will. I hope he straightens up and doesn't do like I think many of us agree is possible and continue to be demanding even past the closing/final walk through. I guess I would just walk away from it and start over. I think I'm going to take the weekend off and just enjoy the appraisal news and not worry about anything else. Thanks again for all you guys and your advice/stories. They help more than you know!! I share each one with my husband. It's been just great!...See MoreOttawaGardener
8 years agogreg_2015
8 years agolast modified: 8 years agoSaltiDawg
8 years agogeoffrey_b
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8 years agoncrealestateguy
8 years agogreg_2015
8 years agolast modified: 8 years agogreg_2015
8 years agoSaltiDawg
8 years agolast modified: 8 years agobob_cville
8 years agokatgal
8 years ago
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