iamlucky13 wrote: jharkin wrote:
Most inspectors are part of a trade group called InterNACHI. You can look that up and find lots of detail about how inspections are done. That group has an online inspection reference that is also a great tool to keep bookmarked as a homeowner, you can use it to diagnose a lot of issues on your own down the road:
Yep, and a lot of them are former contractors who switched to inspecting. Between personal experience and the fact that they see so many homes, they often have a very good idea how things should be done.
As a result, I've found the InterNACHI forums a good place to browse for clarifications on the best way to do my own projects. DIY forums often have poor advice and almost always have contradictory advice.
Nate79 wrote:Assuming offer on the table, deposit made and then inspection done the concern about the HVAC should not be negotiable point in my mind. So I would start with #2.
And the inspection contingency would allow you to. The seller has to weigh what they think the buyer will pay against the risk they'll walk away. The offer is the start of negotiations, not the end. Both the buyer and the seller can insist on their positions in the process, but the sale doesn't continue until they reach an agreement.
to this last paragraph!
I think a lot of folks here give the rest of us more credit than due in terms of our knowledge of some "home systems".
And I'm not sure what the "take away message" in this thread has been, for those who've never yet bought a home...
I'd be able to tell if something was brand spanking new, all metal shining (assuming the metal was supposed to be "shining", which is not always the case anyway).
But is an HVAC system or boiler or water heater 3 years old? 5 or 10? 20 or 30? Clueless.
Are there "obvious" signs that any system is near end of life? (or broken, if wrong season to operate) Clueless.
Would we know what to look for in terms of signs of other potential (or past, or in some cases, current) problems? Probably not.
Can we check as best as possible for termite damage or such? Nope, not except for truly obvious infestation.
(We've also had a contractor or such come in, separately from the "official" inspector, to give us a sanity check on potential repairs/renovations, and approximate costs.)
That is precisely why buyers (at least, buyers like us and at least some other BH'ers) have home inspections.
I've NEVER had a seller object to a discussion about $$ and some "problem".
Worst case? "No adjusment, sorry."
Best case? "Okay, we'll have that fixed/replaced."
Or something in between, such as "We'll split the estimate halfway, okay?" or "How about if we handle it this way....?"
As for an "escape clause", well sure. That's the point.
Finding there are "things wrong" that weren't anticipated, and can't be fixed or no satisfactory adjustment made?
Walking at that point is not "buyer's remorse"; it's "buyer beware".
That's why there is an "inspection contingency", much like a "financing contingency", one that is used or waived.
And at least in our areas, it has to be done quite quickly, typically within 7 or 10 days maximum (absent other agreed upon terms, which we haven't encountered).
(The financing contingency is usually given more time, which is the real "delay" risk for a seller.)
In some cases, there are backup offers waiting in the wings to pounce, in other case, not.
Telling a buyer or seller to "pound sand" (in any
If a seller "told us off" when we raised a concern (or seemed to accuse us of being "unethical" or even hinted at that), that would be such a huge red flag, we'd probably leave skid marks behind!
I'm not sure what types of "homebuying" experiences some of you have had, but that's not anything like the reasonable (and civilized/polite) interactions I've had over many decades (and a lot of buying and selling, including primary residences, rental properties, and fixer-uppers).
In some cases, there were no "issues". In some other cases, there definitely were some.
There was never a time when any animosity interfered with the process, even though there were certainly times that various "adjustments" to the price were made, in response to "issues".
This happened to us as both Buyer and as Seller, on several occasions each.
Some were in very hot real estate markets, and some were in... not so hot markets.
It's never been "Reality TV: Homebuying/Selling - Week x, The Confrontation!"
We did have one tricky situation, as Buyer, where the A/C could not be checked due to temperature (too cold).
So we and Seller agreed to escrow a certain amount. A few weeks after closing, we were able to determine A/C was functional, and we authorized the return of all funds to Seller.
(About 5 years later, the compressor failed. We replaced it. No big deal. Yes, it's part of the joys of home ownership.)
This signature is a placebo. You are in the control group.