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#346364 - 08/03/10 07:30 PM Re: Is inspection needed? [Re: Devil's Advocate]
amasters Offline
Member

Registered: 04/28/10
Posts: 35
Loc: Indianapolis, IN
An inspection may uncover certain problems that aren't covered under the protection plan. I think an inspection is still worth it.

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#349448 - 08/26/10 10:06 AM Re: Is inspection needed? [Re: amasters]
OverTheEdge Offline
Veteran Member

Registered: 08/24/08
Posts: 1009
Loc: Middle of Ohio
We have a form that is titled, For your Protection, get a home inspection. All buyers that don't want an inspection, sign it. It covers you when they try to come back.
_________________________
"No cause is lost as long as there is one fool left to pursue it". Wil Turner

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#351568 - 09/16/10 03:45 PM Re: Is inspection needed? [Re: OverTheEdge]
Devil's Advocate Offline
Veteran Member

Registered: 01/03/05
Posts: 538
Loc: Ontario, Canada
You might consider the following form should a buyer decline to have an inspection of the subject property completed.

TO: (Brokerage Firm)

AND TO: (Registrant)

Re: (Property Address)




ACKNOWLEDGEMENT

I, the undersigned hereby acknowledge that you have advised me that the inspection
of the house situated on the above noted property may reveal certain defects and/or
hazzards that may not be acceptable to me.

I, further acknowledge that you have advised me to obtain an inspection of the house
in question by a qualified house inspector and that I declined to do so.

I, further acknowledge that you advised me concerning the adverse affect my decision
may have and I am content to accept the risks attached thereto.


Dated at .................. this ................day of .................................., 20.........


Witness:

....................................

.................................... .

....................................
Clients Signature

...................................
Clients Signature

(Note That there is a problem in formating here and that the witnesses sigatures are placed on the left and the clients signature are opposite on the right side of the page, "Acknowledgement" is centered.)

Important Notice: This information is provided as basic educational information by the author and is not a substitute for the advice of an expert and/or the advice of a lawyer. There is NO representation as to legality, accuracy, correctness of the herein information and the reader is strongly urged to consult a lawyer in the relevant jurisdiction to ensure accuracy before acting on this information .





Edited by Devil's Advocate (09/16/10 03:59 PM)

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#365047 - 01/29/11 10:54 AM Re: Is inspection needed? [Re: Devil's Advocate]
JohnJohny Offline
Member

Registered: 01/28/11
Posts: 28
Loc: New York, USA
There's no such thing as a perfect building/house. Even the ones built today have serious flaws and cheap materials, not to mention careless carpenters. The things the average person cannot see are also likely to be the most serious. Not having an inspection is just plain foolish and that's putting it moderately.

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#379925 - 06/18/11 08:30 AM Re: Is inspection needed? [Re: jusbout40]
zcoplan Offline
Member

Registered: 06/17/11
Posts: 33
Loc: Arizona
I recommend getting a home inspection to all of my clients. It doesn't matter if they are investments that will be rented out or new homes being built. It is the piece of mind, you will receive knowing you had it all checked out. Even in the new builds the home inspectors typically find some problems that need to be addressed.

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#381931 - 07/05/11 07:44 PM Re: Is inspection needed? [Re: jusbout40]
Andrewmoving Offline
Junior Member

Registered: 07/05/11
Posts: 2
Loc: California
Thank you for the answers, it was helpful

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#381938 - 07/05/11 08:10 PM Re: Is inspection needed? [Re: OverTheEdge]
VABroker Offline
Veteran Member

Registered: 11/02/10
Posts: 1031
Loc: Virginia
Originally Posted By: OverTheEdge
We have a form that is titled, For your Protection, get a home inspection. All buyers that don't want an inspection, sign it. It covers you when they try to come back.


We use that form in VA also. HUD requires that form to be signed regardless of getting or skipping a home inspection. I've had either Fannie or Freddie also require the form even though it's clearly written in the contract that the buyer is having a home inspection. I suspect they want it signed in case the buyer backs out of getting their home inspection and then comes crying after settlement that there's a serious problem with the property.

I always get that signed even if my buyers are having an inspection as proof that we discussed home inspections.

I recently did a transaction as a listing agent and the buyer's agent handwrote in the contract that buyer (owner-occupied) would have a home inspection for informational purposes only. This agent did NOT include the standard home inspection clause - which I always doctor up to meet my buyers' specifications. Well, he didn't have that clause at all in the contract (yippee for my seller!!!), and, there were several problems with the property. They all passed appraisal but appraisers aren't electricians.

GET A HOME INSPECTION. You're buying a piece of property that has a value of tens upon tens of thousands of dollars and you want to skip it to save a couple hundred? Dumb!

Then there's the guy who paid all cash and didn't think he'd need title insurance....

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#389289 - 09/14/11 09:51 AM Re: Is inspection needed? [Re: jusbout40]
RichmondMan Offline
Junior Member

Registered: 01/31/11
Posts: 1
Loc: Vancouver, BC
Good question! Personally, inspections are needed and important from many views. Among the main items to check and inspect during a PDI (Pre-delivery inspections) are:
http://ellidavis.com/toronto-real-estate-news/2011/09/tarion-new-home-inspection

* air conditioning, heating, air distribution systems
* water, sewage (or a septic system), drains, and all related plumbing
* electrical systems, wiring, power distribution, data cables and networks, radio and coaxial cables
* quality of craftsmanship with tiles, ceramic fixtures (bathtubs, toilets, and sinks), caulking and insulation, and mould prevention
* safety and sturdiness of cabinets, shelves, doors, windows, kitchen appliances, stairs, and floors
* the quality of the entire construction, specifics depending on the type of house and the materials used
* the roof and its ability to protect the house from rain, withstand wind, and ventilate the house appropriately
* any exterior appliances that were “bundled” with the house or condo, including a garage, the sod/grass, a fence, or benches
* and more


Edited by RichmondMan (09/14/11 09:51 AM)

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#398640 - 01/12/12 06:23 PM Re: Is inspection needed? [Re: jusbout40]
LegalLawMaster Offline
Member

Registered: 01/06/12
Posts: 15
Loc: Philadelphia, Pennsylvania, US...
I would say your best bet is to get an inspection. If you do not, it could come back to you in the future and you could have problems. There may be something in the house that you missed and it is better to be safe than sorry.

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#402858 - 03/07/12 10:44 AM Re: Is inspection needed? [Re: jusbout40]
David Anderson Offline
Member

Registered: 02/28/12
Posts: 11
Loc: UK
Yes, you need to arrange a professional building inspection. It can be cheap as compared to what you might be facing.

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#403117 - 03/09/12 10:09 PM Re: Is inspection needed? [Re: jusbout40]
Scintillion Offline
Member

Registered: 01/26/12
Posts: 437
Loc: Colorado, USA
You should always have an inspection done before purchasing a property. There is never a good excuse not to spend an extra few hundred dollars to get one done. Good luck.

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#404415 - 04/04/12 08:26 AM Re: Is inspection needed? [Re: jusbout40]
brucemoe37 Offline
Junior Member

Registered: 04/04/12
Posts: 1
Loc: India
Yes inspection is very much required an would be very helpful and you would be safe at house. Its for sure that you won't be cheated at the time of buying house or any rental house and would also increase the value of your property.

_________________________________________
[url=http://www.newcondosolutions.com/]Miami beach condos[/url]

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#404429 - 04/04/12 03:26 PM Re: Is inspection needed? [Re: Devil's Advocate]
Tandem Realty Offline
Member

Registered: 03/23/12
Posts: 30
Loc: Nashville, TN
And not only will the inspection give you peace of mind in the present, but if you do buy the house you'll be able to know what to look for in the future in relation to potential maintenance issues. I think it gives you an overall better awareness of what you, as the buyer, are financially getting into 5-10 years in advance. With home ownership, the less surprises the better.

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#405491 - 04/24/12 10:51 AM Re: Is inspection needed? [Re: jusbout40]
BusinessJohn Offline
Member

Registered: 11/05/09
Posts: 65
Loc: Atlanta, GA
I always recommend to all my clients that they hire a professional home inspector and carefully review the written home inspection report.

Of course, any items needing repairs listed in the home inspection report can be used for further negotiations.

Some of my clients are investors who purchase houses regularly and conduct their own home inspections. As an agent, I cover myself by recommending that they hire a professional home inspector.

However, as an experience investor myself who has purchased and renovated houses, I also do my own home inspections. If my inspection discovers something I am not familiar with, I will then bring one of my contractors to the house to advise me.
_________________________
John Marion
The Agent Who Buys Houses

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#405752 - 04/27/12 05:22 PM Re: Is inspection needed? [Re: jusbout40]
shurdul Offline
Member

Registered: 04/26/12
Posts: 47
Loc: USA
I think it's need mate! That's a main thing in Real Estate.

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