Inspections a major cause of deals busting? Studies say noOriginally published in The City Sentinel
by Darla Shelden
• The remainder – buyer or seller cold feet, HOA’s creating obstacles, buyers losing jobs.
Inspectors are often feared as “deal-killers”. Very few sales fail as a result of inspections. A deal that failed because of negative inspection findings is probably a positive for the seller, buyer, and real estate agent. Finding problems before a lot of money changes hands most likely prevents losses, future lawsuits, and hits to an agent’s reputation.
Commercial and residential property purchases are major commitments. Failure to secure the most thorough professional property inspection available is a failure to demand the due diligence we would normally exercise when purchasing a used car, selecting a physician, or considering an investment advisor. Barry Sone, whose syndicated column “House Detective” runs in the Oklahoman, says that the inspector you want to hire is known by the following phrases: “too picky,” “deal killer,” “takes too long,” “nitpicks everything.”
A pre-listing/seller’s inspection by a tough inspector can make for smooth “sale-ing”!
Date : 2/7/2018