Buying a home, even new, is like buying a used car.
In a factory, so the legend goes, if your car is made on a hung-over Monday morning or a weekend-anticipating sloppy Friday, it might come out less than par. But it is still quality tested and within acceptable standards.
So you don’t typically ”inspect” at new car at the point of purchase. You are well advised to do so for a used car.
Housing should be treated the same way, even new homes. You all understand the sense of having a ‘used’ home inspected, similar to a used car.
But houses are not factory built. There’s more that a few hung-over Monday mornings occurring during the build period. And it’s not even the same guys doing the same design or having the same training level each time.
Mistakes are made, errors occur and things are forgotten or missed. Everybody is in a hurry. And it’s definitely a tougher market out there.
This spring I’ve had a larger number of ‘issues’ found during my inspections that used to be negotiated to resolution. Now more of them are causing the sale to crash and burn.
After her second inspection one client, herself a part time realtor complained to me that this deal was going to fail because of something I had found. (The first home she had me inspect had “pyrite’ issues.)
I said, ” Had they made a reasonable settlement would you have bought the house?” “Yes” was the answer!
“If I hadn’t identified the presence of asbestos, would you have been better served? ” “No!” was the answer!
So it’s as if you bought a used car and about a month or so goes by and you now you suddenly have to put in a new transmission.
What are you going to say to the mechanic who inspected it before you bought it? Plenty, I’m sure.
What? You didn’t have an inspection? Oh……….
Original blog post on ActiveRain: Link to Blog Post