[nccoastalseller]

“Is it necessary to hire our own home inspector? The builder says it’s a waste of money since the county and themselves have done many rounds of inspection, plus there is warranty, if anything goes wrong, they’ll come to fix them anyway.”

We bought a spec home in 2005 and were told the same thing about inspection being a waste of money, county inspections were performed, home warranty in place. The builder agreed to an inspection as long as the inspector wasn’t a particular contractor who gives them headaches about every little detail. We had an inspection and found a few small issues that the builder fixed. When we moved in we found many more issues that we wanted fixed. The builders warranty amounted to a fight for every thing we wanted fixed. The builder attributed all of the problems to “settling” and sent over their amatuer carpenter to slap a quick fix on everything. We ended up raising hell, reporting the builder to BBB at which point they cut us a check to have our own contactor make repairs including tear up the 1500 sqft of harwdwood floors an reinstall new stuff with appropriate fastners. It was a giant headache.

My advice is demand an inspection, ask the builder if there is any inspector they won’t work with, then demand that inspector or else you walk away.

[nccoastalseller]

“Is it necessary to hire our own home inspector? The builder says it’s a waste of money since the county and themselves have done many rounds of inspection, plus there is warranty, if anything goes wrong, they’ll come to fix them anyway.”

We bought a spec home in 2005 and were told the same thing about inspection being a waste of money, county inspections were performed, home warranty in place. The builder agreed to an inspection as long as the inspector wasn’t a particular contractor who gives them headaches about every little detail. We had an inspection and found a few small issues that the builder fixed. When we moved in we found many more issues that we wanted fixed. The builders warranty amounted to a fight for every thing we wanted fixed. The builder attributed all of the problems to “settling” and sent over their amatuer carpenter to slap a quick fix on everything. We ended up raising hell, reporting the builder to BBB at which point they cut us a check to have our own contactor make repairs including tear up the 1500 sqft of harwdwood floors an reinstall new stuff with appropriate fastners. It was a giant headache.

My advice is demand an inspection, ask the builder if there is any inspector they won’t work with, then demand that inspector or else you walk away.

[nccoastalseller]

“Is it necessary to hire our own home inspector? The builder says it’s a waste of money since the county and themselves have done many rounds of inspection, plus there is warranty, if anything goes wrong, they’ll come to fix them anyway.”

We bought a spec home in 2005 and were told the same thing about inspection being a waste of money, county inspections were performed, home warranty in place. The builder agreed to an inspection as long as the inspector wasn’t a particular contractor who gives them headaches about every little detail. We had an inspection and found a few small issues that the builder fixed. When we moved in we found many more issues that we wanted fixed. The builders warranty amounted to a fight for every thing we wanted fixed. The builder attributed all of the problems to “settling” and sent over their amatuer carpenter to slap a quick fix on everything. We ended up raising hell, reporting the builder to BBB at which point they cut us a check to have our own contactor make repairs including tear up the 1500 sqft of harwdwood floors an reinstall new stuff with appropriate fastners. It was a giant headache.

My advice is demand an inspection, ask the builder if there is any inspector they won’t work with, then demand that inspector or else you walk away.

[nccoastalseller]

“Is it necessary to hire our own home inspector? The builder says it’s a waste of money since the county and themselves have done many rounds of inspection, plus there is warranty, if anything goes wrong, they’ll come to fix them anyway.”

We bought a spec home in 2005 and were told the same thing about inspection being a waste of money, county inspections were performed, home warranty in place. The builder agreed to an inspection as long as the inspector wasn’t a particular contractor who gives them headaches about every little detail. We had an inspection and found a few small issues that the builder fixed. When we moved in we found many more issues that we wanted fixed. The builders warranty amounted to a fight for every thing we wanted fixed. The builder attributed all of the problems to “settling” and sent over their amatuer carpenter to slap a quick fix on everything. We ended up raising hell, reporting the builder to BBB at which point they cut us a check to have our own contactor make repairs including tear up the 1500 sqft of harwdwood floors an reinstall new stuff with appropriate fastners. It was a giant headache.

My advice is demand an inspection, ask the builder if there is any inspector they won’t work with, then demand that inspector or else you walk away.

[nccoastalseller]

“Is it necessary to hire our own home inspector? The builder says it’s a waste of money since the county and themselves have done many rounds of inspection, plus there is warranty, if anything goes wrong, they’ll come to fix them anyway.”

We bought a spec home in 2005 and were told the same thing about inspection being a waste of money, county inspections were performed, home warranty in place. The builder agreed to an inspection as long as the inspector wasn’t a particular contractor who gives them headaches about every little detail. We had an inspection and found a few small issues that the builder fixed. When we moved in we found many more issues that we wanted fixed. The builders warranty amounted to a fight for every thing we wanted fixed. The builder attributed all of the problems to “settling” and sent over their amatuer carpenter to slap a quick fix on everything. We ended up raising hell, reporting the builder to BBB at which point they cut us a check to have our own contactor make repairs including tear up the 1500 sqft of harwdwood floors an reinstall new stuff with appropriate fastners. It was a giant headache.

My advice is demand an inspection, ask the builder if there is any inspector they won’t work with, then demand that inspector or else you walk away.

[nccoastalseller]

I’m thankful for the internet (thanks Al) and blogosphere where the average citizen can find the truth on any subject (housing, finance, etc) as long as he/she is willing to filter out the occasional comment from a troll.

[nccoastalseller]

I’m thankful for the internet (thanks Al) and blogosphere where the average citizen can find the truth on any subject (housing, finance, etc) as long as he/she is willing to filter out the occasional comment from a troll.

[nccoastalseller]

I’m thankful for the internet (thanks Al) and blogosphere where the average citizen can find the truth on any subject (housing, finance, etc) as long as he/she is willing to filter out the occasional comment from a troll.

[nccoastalseller]

I’m thankful for the internet (thanks Al) and blogosphere where the average citizen can find the truth on any subject (housing, finance, etc) as long as he/she is willing to filter out the occasional comment from a troll.

[nccoastalseller]

I’m thankful for the internet (thanks Al) and blogosphere where the average citizen can find the truth on any subject (housing, finance, etc) as long as he/she is willing to filter out the occasional comment from a troll.

[nccoastalseller]

“109 million in uninsured deposits”

http://money.cnn.com/2007/09/29/smbusiness/cognetics.netbank.fsb/index.htm?postversion=2007092915

1 Million accounted for 108 million to go

[nccoastalseller]

A) Worse than I expected.

Two years ago I was under the impression that the bubble was limited to so cal and a few select US metro markets. Now it’s clear that the housing bubble is well distributed throughout US and Europe. Thanks to CR and similar websites it clear to me that the turmoil created by the housing bubble will reach much farther than even the most bearish economists could have predicted. Tsunarmi, perfect storm, don’t even begin to describe the trouble ahead. I think average joe homeowner/taxpayer/investor is still is clueless just like the tsunami victims who watched the water recede and sat there and looked at the ocean bewildered. I guess this puts me in the pessimist club.

[nccoastalseller]

nccoastalseller

I can’t comment on the specifics of the financial statement.

I do wonder how often the ratings are updated.

Anyone in the banking world want to provide comments?

I plan on reading through this: (http://www.fdic.gov/regulations/resources/directors_college/sfcb/asset.pdf)

when time allows.

[nccoastalseller]

nccoastalseller

I can’t comment on the specifics of the financial statement.

I do wonder how often the ratings are updated.

Anyone in the banking world want to provide comments?

I plan on reading through this: (http://www.fdic.gov/regulations/resources/directors_college/sfcb/asset.pdf)

when time allows.

[nccoastalseller]

nccoastalseller

I can’t comment on the specifics of the financial statement.

I do wonder how often the ratings are updated.

Anyone in the banking world want to provide comments?

I plan on reading through this: (http://www.fdic.gov/regulations/resources/directors_college/sfcb/asset.pdf)

when time allows.

[Author]

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