Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips


Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Topic Options
Rate This Topic
#71935 - 01/06/06 11:10 PM Availability of inspection reports
RealtorBarbaraT Offline
Member

Registered: 06/25/05
Posts: 440
Loc: Wantagh, NY
My partner and I had a discussion today after one of the deals we had feel thru (for financial reasons) and another buyer was looking at the house. The buyers asked about some structural issues which we knew had been addressed in a prior inspection that were a non issue. Of course we only had what we heard as something to go on (the engineer wanted us to hear all he had to say). And we said it is too bad that the report was not there for us to refer to when answering such questions. Now I know the previous buyer paid for this and therefore has the right to own the report, but we were wondering if there would come time in the future that this report would be required to be available to all to see or maybe have a copy include with the papers.

I know some seller will have pre inspection, but I am sure buyers will not believe that is all there is and request their own inspector, but it all does seem waste when a house seen and bid on by multiple buyers and when the deal falls thru that report goes to waste.


Also on a second issue: a home that is sold as is, aside from the things that are required by law to be corrected, what are the options of the buyer or even the seller if some other things ( like needing regrading or a brick facade is coming lose but the integrity of the structure underneath is not affected) comes up?
_________________________
Century 21 American Homes
http://newhorizonsrealtyteam.com

Top
#71936 - 01/07/06 12:05 AM Re: Availability of inspection reports
Kathy578 Offline
Member

Registered: 01/05/06
Posts: 66
Loc: Ohio
The report and all the information included in the report belongs to the person who paid for it. Whether they decide to share is up to them.

Top
#71937 - 01/07/06 07:51 AM Re: Availability of inspection reports
Jim Erickson Offline
Member

Registered: 03/31/04
Posts: 446
Loc: Twin Cities, MN
 Quote:
Also on a second issue: a home that is sold as is, aside from the things that are required by law to be corrected, what are the options of the buyer or even the seller if some other things ( like needing regrading or a brick facade is coming lose but the integrity of the structure underneath is not affected) comes up?
AS-IS property listings tells me that the seller either has never been an occupant (bank owned, trust-held, etc) or it is a distressed seller. Any required repairs are negotiable, more so in the first case and highly unlikely in the second case.

Top
#71938 - 01/07/06 08:06 AM Re: Availability of inspection reports
Russel Ray Offline
Moderator

Registered: 12/30/04
Posts: 241
Loc: San Diego CA
 Quote:
Originally posted by Kathy578:
The report and all the information included in the report belongs to the person who paid for it. Whether they decide to share is up to them.
That depends on what state one is in.

Here in California any inspection reports for the buyer "shall" (a legal word) be provided at no charge to the sellers. It then becomes part of the disclosure process in this state. As much as we home inspectors in California want our reports to be confidential documents which either the buyer or the home inspector own, it just simply isn't so, notwithstanding anything in our home inspection contracts with our buyers. See the Leko decision from January 2001.

Top
#71939 - 01/07/06 08:09 AM Re: Availability of inspection reports
Russel Ray Offline
Moderator

Registered: 12/30/04
Posts: 241
Loc: San Diego CA
 Quote:
AS-IS property listings tells me that the seller either has never been an occupant (bank owned, trust-held, etc) or it is a distressed seller. Any required repairs are negotiable, more so in the first case and highly unlikely in the second case. [/QB]
There's one more definition of "as is" here in San Diego: "I don't care what's wrong with the house. If it's not legally required to be fixed (working smoke alarms, seismic strapping at water heaters), I'm not fixing it. So don't send me a list of requested repairs because they're not going to get done."

Top
#71940 - 01/07/06 12:57 PM Re: Availability of inspection reports
Kathy578 Offline
Member

Registered: 01/05/06
Posts: 66
Loc: Ohio
 Quote:
Originally posted by Russel Ray:
That depends on what state one is in.

Here in California any inspection reports for the buyer "shall" (a legal word) be provided at no charge to the sellers.
I learned something new today \:\)
Thank you Russell.

Top


Moderator:  Inspectorjeff 
Newest Members
HolyKitt, jingwen, Pramod chuphal, call5211, mata
12772 Registered Users
Who's Online
4 registered (babmukja, DelCidsRealty, hernamewasREO, LVNV REO GAL), 19 Guests and 6 Spiders online.
Key: Admin, Global Mod, Mod
Search

Shout Box

Good Ideas
Nusetlock.com




Realtor Websites




Sponsors

Top Posters (30 Days)
Mr. Foreclosure 164
Pinehurst RE Guy 141
super realtor 136
Perky_REALTOR 125
TB in TX 121
shana 111
REODayton 109
Vermont 102
CanDo 99
ColoBroker 81
allREOpreserv 80
northtxbroker 64
estatereal 59
Agent 007 56
pikes peak 48
Featured Member
Registered: 01/07/09
Posts: 3

Real Estate Careers, Get Certified. Improve your BPO business., Chicago Real Estate, How To Advertise Here


This site presented by RNC Internet Services