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Real Estate
Reply to "The HGTV effect on home inspections"
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[quote=Anonymous]I don't think you can exactly blame this on HGTV, except inasmuch as it exposed buyers in areas of the country where this may not have been standard practice to the concept. But where we live, this has long been the way inspections work. Our neighbor likes to tell the story of a previous owner of our home who bought in the mid-90s and almost walked away because the inspection found the refrigerator was 40 years old. (We are not in an area where appliances are expected to be included!) She negotiated the price down to purchase a new refrigerator. It's still running 20+ years later! That said, none of these should be negotiating points unless the age or condition is significantly different from what would have been visible in a walkthrough prior to an offer. The point of post-inspection adjustments is to take into consideration differences between what a buyer thought conditions were and what they actually are. If I thought the roof was newer and in good condition and it turns out to be 20 years old with some weak spots--yes, that's definitely a point of negotiation. If I thought it was new and it's 10 years old but in perfect condition--not so much (and as a seller, I wouldn't budge on that).[/quote]
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