Some recent trends inspired this blog post in Real Estate. Our inspection company started to receive notifications that we were not allowed to inspect the seller’s property.
We did some research and found that several Realtors/Builders had been documenting specific inspection companies that were not permitted to inspect the properties they owned in their purchase agreements. This practice has many legal implications that I am still baffled by. These Realtors/Builders are now open to being sued for any issues discovered after closing.
The Ramifications of banning certain inspectors
Buyers can now use the ban to protect themselves from certain inspectors if they find something wrong after taking possession of their home. They can easily claim that they were not allowed to use the inspector of their choice to purchase their home.
After buyers closed, our company was called in to inspect the properties to find items not listed by the previous owners and not discovered by other inspection companies. These cases have led to payouts of up to $40,000.
Buyers have the right to inspect the property as thoroughly as possible. You, as a seller, have the right to a thorough inspection. This would protect you from potential lawsuits and payouts that could far exceed the cost of repairs if issues were discovered before closing.
Here are some steps to take
These are some steps to follow if an inspector you select is not permitted to inspect the property you want to buy:
- Ask the seller and inspector why. Ask the seller or the home inspector sea girt nj why they have been banned. These answers could reveal important information that can greatly impact how you proceed.
- Online research is a great way to find inspection companies. You can research online to find out which inspection companies are most reliable, trustworthy, and thorough. As a recent Mississippi Board of the Better Business Bureau appointee, I recommend using the slogan “Investigate Before You Invest!”
- Online research for builders and realtors. Reputation is everything. Refer to number 2.
- Ask builders, realtors, and inspection companies if any have been involved in litigation regarding missed inspection issues. Refer to number 2.
- Ask Realtors and Builders which inspector they would recommend if they bought a home for their mother/daughter.