The HGTV effect on home inspections

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My mother has been a realtor for over 30 years. She has always used inspections for negotiating on big items. In general, anything that can cause over $5K worth of repairs needs to be taken into account either with a seller repair, seller credit or price negotiation. That is within reason. For example, something that is nearing the end of its life span. Roofs over 20 years old, major appliances over 10 years old or identified by the inspector as in need of repair. That type of thing. Small fixes, like outlets, basic plumbing, light fixtures, are usually either make the seller repair/replace or deal.

Nope, this is unacceptable. Inspections are for items that are currently broken. Something "nearing the end of its life span" is the buyers' responsibility, and I'd tell them to go take a hike.

No offense, but how many houses has your mother sold over 30 years? 3? 5?

My mother has probably sold over 1000 houses. She averages about $3M in sales a year where the average houses list around $150-200K. That average is only for about the last 20 years. For the first 20 10+ years, she did between 2 houses the first year to about $1M in sales by around the 10th year.

Your mother works in a low cost area where demand is not strong and sellers have to make more concessions to attract buyers. Additionally, buyers likely can't afford to make home repairs.

Yep, you're comparing apples to oranges.
I'm laughing at "the average houses list around $150-200K".

[Anonymous]

While I agree with you, OP, about the trend toward buyers wanting credits for more things like you describe, I am not sure I'd put that on HGTV. I feel like it is part of the change in society generally in people, especially young people, want everything to be perfect, and expect someone else to pay for it. And of course for the past 8-9 years, they'd had a better chance of getting it. In this market I would be surprised.

[Anonymous]

Anonymous wrote:I don't understand why sellers don't have to note the age of the major appliances in the listing. It's always a big shock when I go through inspection and find out the roof is actually 30 years old. You don't get a credit for it though.

Do a pre inspection of the house. You will know how to negotiate when you know the house better. If you are in a hot market, you may have little leverage because of competing offers, but you will be making an informed decision.

[Anonymous]

Most insurance companies won't cover a 15 year old roof and therefore you can't? get a mortgage. End of life for Water heaters and major appliances are always a negotiation point. The outlet and toilet issue are easily fixed by the homeowner unless you are an idiot.

[Anonymous]

It's embarrassing that these boomer assholes don't maintain their homes and won't fix the inspection list. They have no shame, worst generation ever.

[Anonymous]

Anonymous wrote:It's embarrassing that these boomer assholes don't maintain their homes and won't fix the inspection list. They have no shame, worst generation ever.

I hope this is a sarcastic comment. But if it's not, realize that with every home, an inspection will turn up things. Most of the time, whatever is wrong, isn't really wrong; it's just not brand new perfect. If you want brand new, you should buy brand new. But even a new construction build will turn up things at the inspection.

[Anonymous]

Anonymous wrote:It's embarrassing that these boomer assholes don't maintain their homes and won't fix the inspection list. They have no shame, worst generation ever.

They raised you. Assholes begat assholes

[Anonymous]

Anonymous wrote:My mother has been a realtor for over 30 years. She has always used inspections for negotiating on big items. In general, anything that can cause over $5K worth of repairs needs to be taken into account either with a seller repair, seller credit or price negotiation. That is within reason. For example, something that is nearing the end of its life span. Roofs over 20 years old, major appliances over 10 years old or identified by the inspector as in need of repair. That type of thing. Small fixes, like outlets, basic plumbing, light fixtures, are usually either make the seller repair/replace or deal.

Unless the house was priced at the same price as an equivalent but new house, why would you expect concessions from a seller?

[Anonymous]

Anonymous wrote:Most insurance companies won't cover a 15 year old roof and therefore you can't? get a mortgage. End of life for Water heaters and major appliances are always a negotiation point. The outlet and toilet issue are easily fixed by the homeowner unless you are an idiot.

You are incorrect about the roof -- and you have the nerve to call PP an idiot. There's an idiot here, and it isn't me or him.

[Anonymous]

I assume the offer price already reflects the age of the roof, etc.

I dont understand the need for additional concessions.

[Anonymous]

Anonymous wrote:I assume the offer price already reflects the age of the roof, etc.

I don't understand the need for additional concessions.

I think this is the point that OP was making: why in the world is there an assumption that once a price has been agreed on with a 'product' that is obviously not new - be adjusted for things such as an older roof? The other potential buyers made their offers on those facts. The issues uncovered in an inspection that should/can open up negotiations would be things that aren't obvious like electrical, water pressure, moisture, systems. Luckily I have always sold in a sellers market and have only done the required repairs. I only kick myself for the one time when we sold to a neighbor (who I thought was a good friend of a friend so I felt a responsibility to honor more - though turned out not really close!) and I gave in and gave credit towards fixing water line as they weren't happy that it seemed low volume. 20 years later I still kick myself for giving up that $2500.

[Anonymous]

Boomers, worst generation ever

[Anonymous]

Anonymous wrote:I assume the offer price already reflects the age of the roof, etc.

I dont understand the need for additional concessions.

Everything is negotiable

[Anonymous]

https://homesite.com/insurance-resources/home-insurance-articles/insurance-policy-cover-roof-damage.htm