After Inspections

This week Dallas Native sits down with our very own buyer specialist Candace Whitsitt to talk about what to look for after you complete a home inspections .
Mary Beth: Hi, this is Mary Beth Harrison with Dallas Native Voice. Today I’m sitting with our buyer specialist CW, Candace. We want to talk to you about inspections. After the buyer goes under contract, they have a period of time to do inspections, basically do their due diligence, find out everything they need to know about the house that maybe the seller didn’t know, or didn’t tell them, right?

 

Candace: Right.

 

Mary Beth: So, talk to me about that process because it’s stressful. I know it’s, yeah, I know it’s just a hard thing for a buyer to go through, so let’s talk through that.

 

Candace: Well, I think probably one of the most challenging things is once you find this perfect house, or this dream home, and then you’re paying someone to tell you what’s wrong with it, and so that’s really probably the biggest hurdle is getting people to understand that there really is no perfect house. We prepare our buyers when we do our buyer consultation to let them know that’s the inspector’s job, is to just alert them of the condition of the house.

 

Mary Beth: I call them the bad news bears. You know, they’re not there to say you’ve bought a great house, you’ve made a great choice. They’re there just to point out all the things that are defective, and maybe not in a bad way, just kind of FYI, right?

 

Candace: Exactly.

 

Mary Beth: THat’s just, you know, just know that this is not to 2018 code, but then the house was built in 1950, so it couldn’t possibly be to 2018 code, right?

 

Candace: That’s exactly right, and even the houses that are built today, the acceptance of those rules is delayed anyway, so you’re not going to get something that’s at the most recent, even if you were buying new.

 

Mary Beth: You know, I always tell buyers, again, taking a home that was built in 1950, 60, 70, whatever, the home’s been there for what, 50, 60, 70 years. It hasn’t blown up, burned up or exploded. How bad is bad? And so you kind of have to take some of it with a grain of salt, don’t you? So talk me through that. Now we’ve done our inspections, now what happens? Do you just walk away and go, “Well, okay, we’re going to need to fix all that.” And we close, how does that work?

 

Candace: Well, you know, fantasy world, we like to think that the seller’s going to fix everything, that then in reality, it just depends on price point and market, and condition, and kind of what was shared at the front end too.

 

  So, my approach with clients is really you got to follow your gut, right? So if something’s really bothering you, and that either needs to be addressed with the seller fixing it, or you fixing it, or maybe the seller gives you money, or maybe it’s a combination of both, but it boils down to what are you willing to live with, and who’s going to pay for the rest.

 

Mary Beth: Right. Right. Then that’s a good point, is kind of focus on the biggies, you know, the heat, the air, the foundation, the water heaters, the roof, those kind of things. I call that the biggies. Leaky faucet, it’s a washer, not as big a deal, not to be necessarily overlooked, but just not as big a deal, right?

 

Candace: Yeah, and for some people, I mean, if they’ve been told that it’s been a total rehab, and then we get in and there’s all this underlying stuff-

 

Mary Beth: Yeah.

 

Candace: It’s a little easier to come back and say, “Hey, you kind of told me all of this was done, and it’s really not.”

 

Mary Beth: Right.

 

Candace: And so-

 

Mary Beth: That’s a good point. That’s a very good point. Your level of expectation when you walk in, so to what you see, right.

 

Candace: So once we gather all that, then we pull together an amendment potentially. Not always, sometimes the house was priced accordingly.

 

Mary Beth: Yes.

 

Candace: You know, we pull together an amendment, and ask the seller to deal with things, or you ask for some money so you can deal with them, and sometimes you do a little bit of both. So that’s really kind of the basics of it.

 

Mary Beth: Okay. All right, well, great. Hopefully that calms that situation down a little bit for the buyer. I think so many times if we just know what to expect, then we’re okay with it. You know, it’s when we walk into something blind that I think makes this a little bit more difficult.

 

  So, thanks for listening today. We go where you are. You can find us on all the social media platforms, and at DallasNative.com, and thanks for listening.

 

 

 

 

Information Courtesy of Dallas Native 

 

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