HOME INSPECTIONS

I remember when home inspections became a part of our real estate Buy/Sell Contracts a few years ago – actually quite a few years ago.

It was a good idea… a way for buyers to examine the home they had chosen with more thoroughness.  The contract inspection clause allowed them to ask for corrections and even to walk away for little to no reason.

In a fast market buyers only fussed about ‘big’ things.  In a slower market, the inspection clause became an invitation to renegotiate.  In my opinion the clause was never intended to turn a 1950’s home into a brand new home.  I believe our free market system will correct extremes in either direction. 

Inspections are important.  If they reveal problems Sellers weren’t aware of or Buyers couldn’t see in a casual walk thru, I believe the contract should address those issues.  A common sense attitude of Inspectors and Brokers is helpful in guiding this process.

Inspections protect both Buyers and Sellers.  They are a good thing.  Use them wisely.

     Sellers: Be honest and forth right on your Seller’s Property Disclosure

     Buyers: Don’t be greedy and/or picky

Remember the Golden Rule

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