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  • This topic has 71 replies, 9 voices, and was last updated 13 years ago by zzz.
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  • June 22, 2011 at 11:47 PM #706679
    sdrealtor
    Participant

    Tough question and I have done close to 100 so I have a pretty large body of evidence to draw from In general my advice would not to waste money doing one before approval. I would also not write an offer and try to buy one that was a fixer and not in good to very good condition knowing i wasnt going to get repairs. Condos work well as short sale buys as do newer homes. Older homes with lots of issues dont work so well unless they have fallen out due to a previous buyer walking over issues uncovered during an inspection.

    June 23, 2011 at 7:33 AM #705491
    moneymaker
    Participant

    I think you did the right thing. Now you have a bargaining chip and better knowledge of what you are getting into. We had a friend do our home inspection and he didn’t even crawl under the house. He knew how much my wife wanted the house so I don’t think he really wanted to find any major issues like deteriorating cast iron pipe or recently fixed foundation (I think everyone knows what that means). All in all though I will admit that we would have bought our house anyway because it was not house A versus house B for us @ the time but more of house or no house @ the time. I think all inspectors find lots of issues but it is the big ones that you really want to know about. A personal peeve of mine is that the big ones are probably known to the seller/realtor and I’ve yet to hear them pointed out by them.

    June 23, 2011 at 7:33 AM #705588
    moneymaker
    Participant

    I think you did the right thing. Now you have a bargaining chip and better knowledge of what you are getting into. We had a friend do our home inspection and he didn’t even crawl under the house. He knew how much my wife wanted the house so I don’t think he really wanted to find any major issues like deteriorating cast iron pipe or recently fixed foundation (I think everyone knows what that means). All in all though I will admit that we would have bought our house anyway because it was not house A versus house B for us @ the time but more of house or no house @ the time. I think all inspectors find lots of issues but it is the big ones that you really want to know about. A personal peeve of mine is that the big ones are probably known to the seller/realtor and I’ve yet to hear them pointed out by them.

    June 23, 2011 at 7:33 AM #706185
    moneymaker
    Participant

    I think you did the right thing. Now you have a bargaining chip and better knowledge of what you are getting into. We had a friend do our home inspection and he didn’t even crawl under the house. He knew how much my wife wanted the house so I don’t think he really wanted to find any major issues like deteriorating cast iron pipe or recently fixed foundation (I think everyone knows what that means). All in all though I will admit that we would have bought our house anyway because it was not house A versus house B for us @ the time but more of house or no house @ the time. I think all inspectors find lots of issues but it is the big ones that you really want to know about. A personal peeve of mine is that the big ones are probably known to the seller/realtor and I’ve yet to hear them pointed out by them.

    June 23, 2011 at 7:33 AM #706338
    moneymaker
    Participant

    I think you did the right thing. Now you have a bargaining chip and better knowledge of what you are getting into. We had a friend do our home inspection and he didn’t even crawl under the house. He knew how much my wife wanted the house so I don’t think he really wanted to find any major issues like deteriorating cast iron pipe or recently fixed foundation (I think everyone knows what that means). All in all though I will admit that we would have bought our house anyway because it was not house A versus house B for us @ the time but more of house or no house @ the time. I think all inspectors find lots of issues but it is the big ones that you really want to know about. A personal peeve of mine is that the big ones are probably known to the seller/realtor and I’ve yet to hear them pointed out by them.

    June 23, 2011 at 7:33 AM #706699
    moneymaker
    Participant

    I think you did the right thing. Now you have a bargaining chip and better knowledge of what you are getting into. We had a friend do our home inspection and he didn’t even crawl under the house. He knew how much my wife wanted the house so I don’t think he really wanted to find any major issues like deteriorating cast iron pipe or recently fixed foundation (I think everyone knows what that means). All in all though I will admit that we would have bought our house anyway because it was not house A versus house B for us @ the time but more of house or no house @ the time. I think all inspectors find lots of issues but it is the big ones that you really want to know about. A personal peeve of mine is that the big ones are probably known to the seller/realtor and I’ve yet to hear them pointed out by them.

    June 23, 2011 at 8:13 AM #705496
    scaredyclassic
    Participant

    My short sale lender did about 7500 in repairs found during post acceptance inspection

    June 23, 2011 at 8:13 AM #705593
    scaredyclassic
    Participant

    My short sale lender did about 7500 in repairs found during post acceptance inspection

    June 23, 2011 at 8:13 AM #706190
    scaredyclassic
    Participant

    My short sale lender did about 7500 in repairs found during post acceptance inspection

    June 23, 2011 at 8:13 AM #706342
    scaredyclassic
    Participant

    My short sale lender did about 7500 in repairs found during post acceptance inspection

    June 23, 2011 at 8:13 AM #706704
    scaredyclassic
    Participant

    My short sale lender did about 7500 in repairs found during post acceptance inspection

    June 23, 2011 at 8:38 AM #705511
    sdsubie
    Participant

    Thanks all, great information as always from this board.

    sdr: thanks for the info, it’s actually a newer house, and the repairs are not terribly extensive. I just ask out of general curiosity in how these transactions work, and my general cheapness.

    walter: That’s great to hear, gives me some hope when I ask for repair costs.

    June 23, 2011 at 8:38 AM #705608
    sdsubie
    Participant

    Thanks all, great information as always from this board.

    sdr: thanks for the info, it’s actually a newer house, and the repairs are not terribly extensive. I just ask out of general curiosity in how these transactions work, and my general cheapness.

    walter: That’s great to hear, gives me some hope when I ask for repair costs.

    June 23, 2011 at 8:38 AM #706205
    sdsubie
    Participant

    Thanks all, great information as always from this board.

    sdr: thanks for the info, it’s actually a newer house, and the repairs are not terribly extensive. I just ask out of general curiosity in how these transactions work, and my general cheapness.

    walter: That’s great to hear, gives me some hope when I ask for repair costs.

    June 23, 2011 at 8:38 AM #706357
    sdsubie
    Participant

    Thanks all, great information as always from this board.

    sdr: thanks for the info, it’s actually a newer house, and the repairs are not terribly extensive. I just ask out of general curiosity in how these transactions work, and my general cheapness.

    walter: That’s great to hear, gives me some hope when I ask for repair costs.

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