Conducting your own purchase agreement home inspection
Conducting your own purchase agreement home inspection
(OP)
Anyone with a PE and/or SE out there conduct their own inspections during the contract process of buying their own home? Am wondering if I would find something bad enough to get out of a purchase it would open me up to suit from the sellers.





RE: Conducting your own purchase agreement home inspection
RE: Conducting your own purchase agreement home inspection
Cheers
Greg Locock
New here? Try reading these, they might help FAQ731-376: Eng-Tips.com Forum Policies http://eng-tips.com/market.cfm?
RE: Conducting your own purchase agreement home inspection
Alternately, the offer of purchase - with whatever contingencies you care to add - is a contract. If you add a contingency to the effect of "...buyer's engineering structural evaluation..." you should be fine.
Might get complicated if you find something unsafe and decide not to buy.
RE: Conducting your own purchase agreement home inspection
RE: Conducting your own purchase agreement home inspection
RE: Conducting your own purchase agreement home inspection
Regardless, the LP siding on our new house was listed by the inspector as "cedar"...we found out the truth later when the recall notices showed up in our mailbox. The disclaimers on everything the inspector wrote pretty much left him free and clear.
RE: Conducting your own purchase agreement home inspection
MintJulep hit the reason why I posted in the first place. I can write myself into the buyers agreement; however, if I find something bad enough to use as a negotiating chip and/or back out completely, I'm not sure of the potential for a suit. I guess it might be difficult for them to pursue anything if I'm upfront in the purchase agreement contract??
Either that, or just take a really long time during the walkthrough!
RE: Conducting your own purchase agreement home inspection
RE: Conducting your own purchase agreement home inspection
You are under no requirement to give the sellers any specific reason why the inspection 'failed' your criteria. The information you gather is either satisfactory to you or not satisfactory to you and that is sufficient to walk from a deal, no specific reason provided.
RE: Conducting your own purchase agreement home inspection
RE: Conducting your own purchase agreement home inspection
RE: Conducting your own purchase agreement home inspection
RE: Conducting your own purchase agreement home inspection
RE: Conducting your own purchase agreement home inspection
For your "proposal" to buy the property, you can as the buyer, write in a contingency that you be provided access to perform an "in depth" structural, plumbing, HVAC inspection in addition, after or in-lieu of an inspection performed by a "professional/licensed" inspector.
RE: Conducting your own purchase agreement home inspection
I think MintJulep might have the better approach, do your inspection during a private showing.
RE: Conducting your own purchase agreement home inspection
It is better to have enough ideas for some of them to be wrong, than to be always right by having no ideas at all.
RE: Conducting your own purchase agreement home inspection
Wouldn't it need to state "AND" to hold up to any real challenge?
Hypothetical: Home inspector gives it a pass, other trade professionals reject. The clause is still satisfied, is it not?
RE: Conducting your own purchase agreement home inspection
"This offer is conditional upon the inspection of the subject property by a home inspector at the Buyer's own expense, and the obtaining of a report satisfactory to the Buyer in the Buyer's sole and absolute discretion."
I figured that this clause would let me get out of the deal at anytime regardless of how minute of a deficiency was found during this inspection.
Great spirits have always encountered violent opposition from mediocre minds - Albert Einstein
RE: Conducting your own purchase agreement home inspection
RE: Conducting your own purchase agreement home inspection
Most people use home inspectors whom their real estate agent refers them to. Real estate agents are more concerned with closing the deal than finding real issues with homes, so they refer home inspectors whom aren't going to dig too deep...
RE: Conducting your own purchase agreement home inspection
If you happen to be an Engineer, does that somehow 'raise the bar' compared to a 'layman' purchaser in terms of your 'caveat emptor' understanding and awareness obligations as a buyer?
RE: Conducting your own purchase agreement home inspection
Get an outside, independent look - you are a qualified, but NOT an "unbiased, independent" inspector. But verify his quality, his workmanship, and be with him during the inspection - because YOU (not the inspector!) have to live in the house. And pay the bills to fix it.