Not All Who Wander Are Lost

Not All Who Wander Are Lost
June, 2019 - Mount Denali, Alaska

Thursday, March 11, 2010

Home Inspectors - Are They Worth It?

This is going to be a bit of a rant on our recent experience with a home inspector. So get ready!

Our house was built in 1977 and we moved into it in 1984. That means the house is 33 years old, and we've owned it for 26 of those years. It is priced to sell as a used home; not a new one. It is in excellent condition. We have worked hard to maintain it.

About a month ago, we received a low-ball offer from some buyers. After 4 counter-offers, we finally agreed upon a price (still a very good deal for them). Now to the home inspector. He came in and wrote a 26 page report. He actually found only a few minor items that needed to be repaired (which we have since done). However, on every section of his report he wrote "potential for failure" and recommended having a licensed electrician, plumber and HVAC service person inspect all the mechanicals. One pipe in the basement had a bit of rust on it so he wrote there was a possibility of a substantial leak behind the wall and this too should be inspected by a licensed contractor. He charged the buyer $420 for this report in which he took no responsibility and passed the buck on everything.

The buyers went nuts. They now wanted us to pay for licensed contractors to come in and check everything. They also wanted us to purchase a home warranty and replace items that were in perfect working order. They became so unreasonable, we had to back out of the deal.

When we bought this house, there was no such thing as a home inspection. I think the original idea of having a professional inspector check to make sure there weren't any hidden problems was a good concept. Our real estate agent told us that in the past few years some inspectors have been sued because buyer's felt they missed something so now some inspectors are recommending contractors inspect everything to cover their behinds.

So, what was once a good idea to protect buyers has now become a nightmare for sellers. I'm sure not all inspectors are this ridiculous, but here is another example where our litigious society has gone haywire.

Thanks for listening to my rant. I would be interested to hear if anyone else has had this experience with a home inspection. Well, we have another showing on Saturday; maybe this is the one.

Trying to stay hopeful .........