Riding the home inspection merry-go-round

Thank goodness for the brokers who manage expectations
  • When I worked in Southern California, our company policy on inspections was to have the buyers take a credit for the work and have their own contractors complete it.
  • It's no secret that when there are multiple offers on a property, that the buyers will often do what is necessary to win the property and then use the inspections to work the seller's price back down.
  • When all is said and done, it comes back to having a strong, competent broker on your side.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The inspection process during any transaction can be a challenge. Nevertheless, nit-picky inspectors and buyers who believe they should be purchasing a perfect home are lending new meaning to the phrase, "You've got to be kidding." If there was ever a reason for hiring a strong listing agent to represent you, negotiating through the inspection period is it. I've often used the following script for agents who discount commissions: "If that agent can't even negotiate a full commission on his own behalf, how can he possibly negotiate the highest possible price on his property?" I’m thinking about changing it to: "If that agent can't even negotiate a full commission on his own behalf, how can he keep you from being hit with thousands of dollars of unnecessary repairs on your inspection report?" Dragon Images / My experience selling our home We thought our house was in good shape. Needless to say, we were surprised to discover that both the physical inspe...