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Well, we were here, and the inspection is over. It was very cool that he brought his own hand-held and printer and printed out his report right here! So now the buyer and inspector are going over the report and checking out some things in the outbuilding (we knew, and previously disclosed, problems there with the roof and foundation).
We answered a couple of questions from the inspector. The biggest difficulty was keeping my husband from running his mouth - he gets very talkative when he's nervous, and he gets nervous whenever anyone unknown is in "his" space.
I'm dying to see that report, am I entitled to see it? I don't know if it's a faux pas to ask (after all, it's the buyer's inspection, she paid for the report). I guess I'll just wait to see if she has any concerns about the house.
OMG!! My buyer just came back - that fast - and said, "everything's fine"!!! I know, I will be happier when the contingency period is over, and she CAN'T ask for any concessions (5 business days, so that's next Friday), but she has clearly indicated that there was nothing on the report that troubled her! And she is taking measurements, so I guess she hasn't decided to back out yet.
PHEW!!!!
I hope it goes as well for you, Carolina Chick! GOOD LUCK!!
My inspection is today, I won't be there as the seller. I've been to 2 inspections as the buyer, with no seller present. I just assumed that's how it works, just like not being around when there are showings. Just give them ready access to normally inaccessible areas. I remember we had to cut a padlock to the crawlspace for one of the inspections.
Last edited by Moonwalkr; 05-09-2008 at 10:26 AM..
If the seller is there, and/or gets a copy of the report, they now know everything the inspector found (however minor) and must disclose all of that in future if this particular deal should fall through.
Now, me, I'm all about disclose, disclose, disclose, and even recommend strongly that my sellers get a pre-listing inspection done so that they can show that they are fixing things that turn up that need fixing (always a confidence-builder) and so that there are no nasty surprises that turn up during a buyer's inspection. But others don't always feel the same way, so frequently neither the seller nor the seller's agent (who would also have to disclose) would be at the inspection.
Here, the inspector is either let in by the buyer's agent or they have their own version of the lockbox key and are given, by the seller's agent, a code to use to get in. There's a record of who accessed the property when, just like when your property is shown. They're licensed professionals, just like the real estate agents who preview or show your property.
Well lookie at you, Sweetbeat!!! That is AWESOME!!! I know you are relieved and thrilled. Gosh I hope mine goes just as well! I'm still a ball of nerves. Will someone please take this bag of peanut M&M's away from me????????? haha........
Last edited by carolina chick; 05-09-2008 at 02:03 PM..
Reason: spelling
So I'm still drumming my fingers waiting for some word on the inspection. The only thing I know concretely is the house isn't going to blow up from any electrical/plumbing problems. I'm not a good wait'er. I hope I get some feedback soon. Those that are in the same boat, how's things?
What does your contract say - when do the buyers have to let you know about anything that arises from the inspection? There is probably a deadline, after which they will be deemed to have "waived" the contingency (i.e., they are stuck with the contract terms).
If you haven't heard anything by then you are free and clear. In the mean time, they get to digest the report and decide whether they want to ask for any concessions or repairs, or walk away from the contract.
Talk to your agent, if you have one - s/he can talk to the buyers' agent and maybe get a feel for what they're thinking about the report.
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