Reply to I want to get an inspection on the house I’m buying

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

We used the info from these pre-inspections to inform our offers and we're glad we did as we would have bid way more on the house we ended up getting (and would have paid out as somebody else escalated 200k above our offer).  In this market a seller isn't going to agree give any/much cash back during closing for issues should things come up during a formal inspection.

Anyway, just one person's opinion.  YMMV.  Good luck[/quote]

Wait, I'm confused. The house you actually bought, you bid 200k less than someone else and still won somehow?? That aside, what about your pre-inspection findings caused you to bid lower? In most cases, pre-inspection in this market will not help you save money on winning a house, but rather prevent you from bidding on a house you feel is not worth what it takes to win it.[/quote]

We were tied for 2nd highest escalation clause -- another offer would have escalated 200k above where ours topped out.  Due to some deferred maintenance issues with the house (not-unexpected based on our initial tour), we bid 50k lower than we would have otherwise based on our inspector's take on the cost of remedying them (we took his estimate and multiplied it by 1.5x).  We won out against the other offer at our price and the other one a few thousand above (the one that would have escalated 200k above) because we had the fastest close and apparently the sellers needed the money asap.[/quote]

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