Reply to The HGTV effect on home inspections

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I had a first time buyer ask us to fix everything on the inspection report (which only had minor things: wobbly railing, one outlet with reverse polarity, loose nail on gutter) [b]AND[/b] wanted $10k in credit. Completely ridiculous. My agent rolled her eyes.[/quote]

We had this same experience a month ago, on the sale of our condo.  First time buyer using an inexperienced realtor.  The inspection report turned up only very minor issues, and she expected all of them to be fixed, because she thought we were "required" to do so.  Such a joke.[/quote]

We just sold our 150-year old rowhouse in a hot neighborhood.  Had an all-cash offer that was $20k less (on a $1.5m home) than an offer with a financing contingency. The financed buyers were a bit older, and lawyers.  The cash buyers were like 22 and getting the money from their parents.  My agent wanted us to go with the cash offer because she thought it was less risky, even though a little lower. The house was in very well improved condition, but it's 150 years old and there's always "stuff" that an inspector is going to flag.  I thought the lawyers with the financing contingency were way less risky than a couple of 22-year olds who have never worked and are getting $1.5m from their parents. Those 22 year olds would have definitely made the inspection a living hell.   The lawyers were, as expected, reasonable about the whole thing. [/quote]

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