This was the question put forth on one of our professional forums where we exchange insights, opinions, and tips. The discussion continued for weeks!! It has provided for some reflection and tips I want to share. I want to hear from readers if an e-book on the subject would be helpful.
Most home buyers have a professional home inspector inspect a home they intend to buy to make sure it has no hidden defects. Many do not understand the many ramifications to Realtors. This was the basis for the discussion.
In our society where so many want to avoid personal responsibility and fix blame on others they can collect damages from, these issues generate passionate discussion. Home inspectors have evolved into a credible piece of most real estate transactions for that reason. When some problem erupts after closing a broker loves to be in a position to say, “Buyer, your professional inspector missed it so you can’t look at little ‘ol Realtor me and say I should have seen the problem.” Errors and omissions insurers like that argument—and kick our butts if we aren’t in a position to make it!
There is no question that good home inspectors have used training and experience to avoid many Buyer disasters by finding mold or other latent conditions—a couple hundred dollars saving thousands in law suits and pain. I served as Buyer agent for a construction expert that still hired an inspector. That way he had proof he had no knowledge of any defect and had the benefit of a “second pair of eyes” to spot something he might miss. Another great tip from forum members was for the seller to hire their own inspection so they can choose how they want to react to any problems they were not aware of. However, that tip becomes irrelevant in those cases where the Seller can’t buy food, let alone an inspection on a house the bank is foreclosing on.
The subject’s consternation comes from acknowledging that not all inspectors are created equal! For some, a test, a shirt patch and a wall certificate equated to end of discussion as to credibility and authority. For us old heads that have seen it all, we know there are a few more issues to discuss. Some say, “I am not going to risk liability or the allegation of steering my client. I tell them go find your inspector from their licensing roster.” Not I! I am supposed to use my expertise to help my client. Experience informs me that the cause can range from incompetence to poor communication skills to intentional deception, all with the same results—get the wrong inspector and my client does not get the protection they paid for. I am only going to recommend those I know I can recommend! My reputation and integrity allow nothing less! Clients can ignore my advice if they choose but they still have a right to expect I know what professionals I can add to the party that they can turn to for reliable advice.
Let me know if an in-depth e-book would help you—OK???
Check out Lamplighteraz.com to contact Gene at his real estate brokerage, Lamplighter Realty. If you have a real estate challenge related to any of our college content that you want to meet and beat, go to Straight Talk Realty University at strealtyu.com. God Bless!