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Real Estate
Reply to "The HGTV effect on home inspections"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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. [/quote] 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.[/quote] No offense, but how many houses has your mother sold over 30 years? 3? 5?[/quote] My mother has probably sold over 1000 houses. She averages about $3M in sales a year where [b]the average houses list around $150-200K[/b]. 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.[/quote] Your mother obviously doesn't sell real estate in the DMV. Here, these practices would not fly and might even violate applicable state laws and/or ethical constraints.[/quote]
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