Do you get everything you want after a home inspection report?
share_oh
7 years ago
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Foundation issues on an inspection report on older home.
Comments (12)Well, the point is obviously that the repairs aren't overcoming the structural deficits in the foundation. Jacking that house up and putting a new foundation under it is pretty clearly in the cards, and in fact I would love to do that to ours - it's currently being done frequently in my neighbourhood and the bonus is that instead of a 200-y-o basement you get a solid, modern, and probably higher basement (if zoning allows) with a charming old house on top of it. Best of both worlds, in my opinion. But the long and short of it is, this house is a renovator, not a move-in. You've probably got cosmetic repairs as well as reconnecting and possibly redoing all its systems after a lift, so you're going to have live somewhere else for a while and make a bunch of decisions. Above all, you're going to have to spend a bunch of money. So even if you are game for the work, the price you pay for the house should be the resurrection price, not the renovated price. THAT way, if you do fade in the face of the work, you can resell to a renovator without too great a loss. If the price of the house can go down by about 50K or more to reflect your anticipated expenditures, then you're OK as long as you know what you're buying - a project. I think I remember the photos you've posted, and it's interesting to speculate whether the previous owners were just bandaid people in denial about gravity, or deliberately spiffing up a structural disaster in hopes that they could have their cake and eat it too - unload a failing house and still realize its full potential value. By the way, I seem to remember too (too lazy to check) that you had some issues with yard spaces - when a house is lifted, it can potentially also be moved on the lot, within zoning allowance, so maybe you can make things more to your liking in that regard. A big project is nothing to run away from as long as a big project is what you want and as long as the price you are paying is fair FOR A PROJECT. So ask yourself, if it were 100K cheaper pending a year of work, how would you perceive it? If you want it, negotiate the price at which it is worth it to you. Or run away :-) Karin L...See MoreFoundation issues on an inspection report on older home.
Comments (12)A foundation that has been repaired and is still buckling and having moisture infiltration problems is a very serious issue. Enough so that it's puzzling that after several offers and inspections from non specialists that the owner wouldn't get their own engineer's report. Perhaps they are afraid of what he'd find, and then they would be required to share that with any future buyers. So, they don't get the report, and put the onus on the buyer to do so. IF the sellers would pay for the report, I think I'd let the offer ride for now subject to that report. If they refuse, then you could pay for it yourself. ($500-$700 would be typical) but, you might be out that money if the report comes back with major work being needed and you decided to walk away. The problem is obviously more of a serious nature, and the fix will be in the thousands to fix it. How many thousands depends on the root cause and the ultimate fix. Completely regrading a lot with mature trees in existance on it that is adjacent to an easement not owned by you is fraught with unknown costs, including the potential for having to remove several trees and paying to connect to a storm drain instead of just doing some type of swale to direct water away from the house. I think that if you truly LOVE this house, that you should consider this part of the birth pangs of acquiring it. IF you can get it cheap enough. What "cheap enough" is, well, that will be up in the air until the engineer's report. Getting that report is probably worth it to you, simply because you've fallen in love. And, the other flip side to that is, if you provide the homeowners a copy of that engineer's report, they are required to disclose that information to any future buyers, so that would be the absolute FIRST thing I'd do with the report. Make them a copy, send it registered mail. They can't deny the facts now. And now, they are required to share them. This is going to sound nasty, but it "contaminates the field" for the sellers. They can't claim ignorance then. They either have to reduce the price to deal status for you or anyone else who might consider the property, or else they have to keep paying the mortgage on a house they've already moved from, or they have to let it go into foreclosure. Either way, you're the winner here, because you're the bird in the hand. If you push that angle, then you might end up with a substantial price reduction to make it worth repairing the foundation and drainage issues....See MoreAfter the home inspection
Comments (28)Where we live sellers are never present at the inspection. You just get the report of repairs, not the entire inspection. If the sale falls apart, and you know of all issues, you are on the hook to notify the next buyers of everything up front. We had a bunch of very minor, like changing cabinet knobs etc, but we took it for what it was worth because there was probably other more legit things she didn't ask for. The inspectors have a list of criteria too that they use. For example, our dryer vent clogged up and made the laundry room really humid for a month or so. We thought it was weather but it wasn't. The 2yo hot water heater rusted on the outside a little bit, according to the inspector's criteria, a rusted tank has to be marked at 10yo even though we had a receipt to prove it. They call it "estimated age" so they can be aware of the actual age and still value it differently. Just get through it and that's that....See MoreHow can you find out what was on a previous home inspection
Comments (20)Usually it's best to start a new thread instead of reviving an old one. People pay more attention. If there was asbestos, the seller must disclose that information. At least in my area a typical inspection does not include asbestos unless the purchaser asks for it specifically. That often requires an additional inspection. How do you know this is asbestos? It sounds as if your daughter and her husband did not do their own inspection. Why not? Saving a few hundred dollars and not doing one can end up costing most people much more money as your family is finding out. There is the rare person that is qualified and knows enough to forego an inspection. There is no easy or cheap way to get the inspection report from the sellers. It belongs to them. If you're children wanted it, the time to get it was before they closed. You could engage an attorney, but I suspect that will cost more than dealing with the problem....See Morepamghatten
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