I am a lic. home inspector. A few years ago I inspected a falling in concrete retaining wall at a rear entrance. I can estimate this and separately wrote, $22,500.- My client is the Buyer. After closing she calls me to announce that the sellers handed her a 20,000.- check on the closing table. This is WHY a buyer hires a home inspector!

@McDonaldResidential

Ай бұрын

Great win for the buyer!

I’m watching this as a buyer. Muhaaha!

@McDonaldResidential

3 жыл бұрын

Great idea! I have another video on negotiating for buyers.

I do appreciate all the info you have just shared. You explain it so easy, I really liked it.

@McDonaldResidential

2 жыл бұрын

Glad it was helpful

Great point..inspectors are paid to point out things. In Alaska the same inspector repeats the inspection after the fixes have been implemented. Inspection of well and septic tank is separate and paid by seller instead of the buyer. In Alaska, any earth (soil) contact with house siding is a no-no and all 4-sides should slope away from house. Some "repairs" are easy such as replacing standard outlet with GFCI outlet on heat trace outlets, smoke detectors in each bedroom, a CO detector on each floor, etc. Our attorney said most law suits he has been involved with have been due to the disclosures forms so important to be as accurate and timely as possible.

@McDonaldResidential

5 ай бұрын

Thanks for sharing your thoughts and how it works in Alaska

Selling my first home and this was VERY helpful. We have an offer but my nerves go in all directions. Thank you for this helpful video!

@McDonaldResidential

2 жыл бұрын

Congrats, glad it was helpful!

Thank you for great video.very informative.

@McDonaldResidential

3 жыл бұрын

Glad it was helpful!

Very good information and excellent presentation 🙂

@McDonaldResidential

3 жыл бұрын

Glad you found it helpful!

Great video! I just recently had a home inspection on a 20 year old 2200sqft shop house. After many minor to medium issues in the report, the only item i asked was to have an hvac tech guy come out and servive the unit, replace the thermostat, and put a cover on an exposed 220v dryer outlet(electrocution hazard). Then i asked the seller to buy a 1 year home warranty ($660) since the air conditioner unit is past it's expected average life expectancy. The house is at $239k, i offered full price and they agreed to pay half of closing costs. I don't feel like i asked too much. I could've asked a ton, based on that home inspection report. But i just stuck to the #1 most probable cost expense item and 1 major safety item thats inexpensive to fix.

@McDonaldResidential

10 ай бұрын

That sounds like a reasonable ask for sure!

I didn’t know you could do a pre inspection. The disclosure listed what they had done to the 1978 property. But didn’t list what we found. Now I’m under contract, the attic has vermin damage and a dead mouse and 10 windows that have lost the seal. Waiting to see what the seller has to say.

@McDonaldResidential

2 күн бұрын

That's unfortunate. Those are fairly common in the Seattle area.

Central Texas termite, foundation inspections are common here.

@McDonaldResidential

Жыл бұрын

Good info, thanks for sharing

Thanks

@McDonaldResidential

Жыл бұрын

You bet

So in new jersy if the buyer says i need the windows garage door boiler and electrical panel repaired the seller has to fix or can the seller negotiate with the buyer?

@McDonaldResidential

2 жыл бұрын

Great question! In WA, sellers and buyers negotiate repairs. Seller is not obligated to fix what the buyer wants unless they agree to it. I'm not licensed in New Jersey so I have no clue if it's different. I'd bet it's similar. Any NJ agents out there?

In my town of St Louis Park, MN, a pre listing inspection by the city is required! Not sure how this is going to affect the negotiation. Most of the houses here are 60, 70, 80 years old.

@McDonaldResidential

8 ай бұрын

Oh, interesting. No city inspections are required in the Seattle area for resale.

An inspection told me that the a/c unit was 30 years old and likely to fail in the near future. I (the buyer) was able to go back to the seller and request an new a/c unit. That saved me approx.$5,000 right after purchasing in a new town where I did not know who to call. QUESTION: It's a brand new code in our state to have a surge protector on our electrical box (the estimate I got was around $800.00+.) Must I have this done pre selling?

@McDonaldResidential

2 ай бұрын

Good for you, that's great! I'm not sure of the rules in your state. In WA, you would at least need to disclose that you know this info.

Watching as buyer. We are getting estimates for the major work to be done but we love the house and I want it to work. I want the seller to be fair to us.

@McDonaldResidential

Жыл бұрын

Hoping it works out for you

@laladeylaya6738

11 ай бұрын

me same here but there were 58 items and i asked for 28 to be repaired or replaced it been 3 days and no answers and I am not sure what will have me work with sellers or walk away,

Sellers don’t have to provide a disclosure report if they’ve “never occupied the home”. That’s what I’m dealing with now. A father bought this house in 2007 and rented it out the whole time. Recently died and left it to his children, who obviously also have never occupied the residence. So they legally do not have to disclose any info on the house for the past 16 years.

@McDonaldResidential

11 ай бұрын

That's generally true of estate properties. That makes the home inspection even more important. Although some things won't be caught during a few hour inspection, unfortunately.

Who Negotiate the inspection items ? The buyer’s agent or the buyer’s lawyer?

@McDonaldResidential

3 жыл бұрын

In WA State, agents typically negotiate inspections items. Each state is a little different.

Should the buyer share the inspection report with the Sellers attorney?

@McDonaldResidential

4 ай бұрын

I would ask your agent that question. In WA State, we are only allowed to share inspection reports with the seller if they request it.

@McDonaldResidential

2 ай бұрын

@@tidycats151 there is a process for gaining the seller's permission to share. Usually all or a portion of the report ends up being shared as part of the negotiation, but with the seller's permission first

I just went through the buyer wanting me to split cost of windows being replaced. 25 K was taken off listing price. If I did that 15K more off the asking price. I said no.Selling this house is a nightmare. 😢. The buyer wanted other things too the home came with 5 acres. He was a horse rancher with lots of money but he wanted to split the cost of replacing windows. Not fare 😢

@McDonaldResidential

Жыл бұрын

Some buyers will ask for a lot and it's best to walk away

@lesliej7143

3 ай бұрын

@sandragilmore….Looks like your post is from March 2023: at a time in many areas where the peak listing prices were being asked. If you, the seller, are expecting Over the Top dollars for your property, you should be offering an Over the Top product. Windows that need replacing doesn’t sound like a Top product. Reducing 25K off your initial list price reveals an agent who got your listing by promising you a lottery win on the giant listing price, a true misread on the market in your area, or the mortgage interest rates that kept buyers on their couches scanning Zillow and fretting. That your windows weren’t up to par yet your realtor and you listed anyway just speaks more clearly to the craziness that’s been home selling/buying the past several years. So many other factors could have been playing at the time, of course. Hopefully you still sold for a nice gain and didn’t end up paying way more for a smaller place in a worse location. As for the guy buyer having lots of $$ and it not being fair to you -- neither of those are actually a consideration in the adult world of negotiating a deal.

The buyer does not really have the final word. They have already invested a ton of money for inspections that they will not get back. The buyer is just off the market for a few weeks. I don't think those two are always comparable. The seller generally has an edge. Also, the seller can always get another buyer. Is the buyer really going to find another dream home? I think buyers have to be very careful trying to use the inspection as a means to eke out more money. It is much better to get the price you want up front and assume you will get nothing from the inspection.

@McDonaldResidential

5 ай бұрын

The inspection can reveal issues that were unknown before making an offer that can substantially affect the value of a home. It is reasonable to negotiate over those things. It may or may not make sense to negotiate over small-dollar items.

I like how buyers is with glasses, sellers no

@McDonaldResidential

Жыл бұрын

LOL, very observant

@McDonaldResidential

Жыл бұрын

Not filmed on the same day :)

I bought the new home and this stupid home inspector pointed every little thing. Like who tf they think they are??

@McDonaldResidential

10 ай бұрын

That's their job