Reply to The HGTV effect on home inspections

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[quote=Anonymous][quote=Anonymous]

We have bought and sold several times in the last 8 years, and it seems that the inspection has become an expected second opportunity to negotiate the price downward. Any inspector is going to find 100 things to note in its inspection with any house - no matter how well maintained.  The report will note an electrical outlet that has reverse polarity but works fine. A toilet where the seal has worn away but works fine. An 18 year old hot water heater where their "appraisal life value" is only 8-10 years.  Or a roof that is 22 years old where their appraisal life is only 15-20 years.  
... made up stuff in the inspections,

[/quote]

I don't think this is the HGTV effect - I think this is good inspecting. These are not cosmetic issues, these are real, structural/functional issues in a house. While they may not be having a functional impact yet, a good inspector is going to point them out so the buyer knows what they can anticipate.

Separating the inspecting (which I see as a very good thing -- maybe your buyers just had crappier inspectors 20 years ago?) from the negotiating, I think the negotiating MAY be related to a few things. While not currently the case in many markets, we went through a pretty long time period in the last decade where it was a buyer's market. People asked for concessions because they could. That is now ingrained in most realtors who have only been working for the last 10 - 15 years, and it is the only experience many buyers have. They'd be stupid not to ask.

It's just like offers - in a buyer's market, they're going to lowball you, and lots of people are now appalled that they have to bid over asking and are still losing homes. They haven't adjusted to it being a seller's market. [/quote]

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