Real Estate News & Commentary

How to Prevent a Real Estate Deal From Falling Apart Because of Inspection Issues

Expertise: Real Estate Marketing, Personal Development, Real Estate News & Commentary, Mortgages & Creative Financing, Real Estate Investing Basics, Landlording & Rental Properties, Flipping Houses, Personal Finance, Business Management
301 Articles Written
Many people will quibble over a few hundred or thousand dollars in the purchase of a home after an inspection takes place. Often times, deals can fall apart because of the inability to compromise. Both buyers and sellers can do their part to prevent this from happening. Lets see what buyers can do to: How [...] View the full article: How to Prevent a Real Estate Deal From Falling Apart Because of Inspection Issues on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of How to Invest in Real Estate. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it accessible for everyone, regardless of income or education. Today, BiggerPockets is the premier real estate investing website online with over one million members and reaching over 70 million people with the message of financial freedom through real estate investing. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. Read more about Joshua’s story in 5280 and Inc.com.

    Barry Lenson
    Replied over 12 years ago
    We did an interesting post on the Donald Trump Blog yesterday about property foreclosures in California, at http://www.trumpuniversity.com/blog/index.cfm?blogpost_id=1036 Just wanted to let readers of your blog know that more banks are turning to auctions, not individual realtors, to liquidate foreclosures.
    Caitlynn Cheery
    Replied over 12 years ago
    The inspection period is always a critical stage. Thank you for the tips. I’ll keep all these in mind, just in case I buy a new house for myself in the future.
    Teresa Boardman
    Replied about 12 years ago
    I explain the instpection process carefully to buyers as all agents do. If the home had a old roof on it and the buyer knew about it when he or she wrote the offer then they should not come back after the inspection and ask for a reduced price as they some times want to do. The inspection is for gathering new information so the buyer can make a sound decision and know what they are getting into.
    John Licata
    Replied over 11 years ago
    A deal just fell apart after the HI revealed, among other things, carpenter bee damage, freezer not working and one of the heat pumps needing to be replaced. Trustees not willing to accept, stating it is an as is sale. Home has sat empty for two years.
    Josh Schoenly
    Replied almost 10 years ago
    I think the number one key player in this discussion is the buyers agent for the buyers. They need to set the stage prior to the home inspection to let the buyers know what to expect and what will be a deal breaker and what won’t be. This can be difficult for some agents, but I think in the end will mean the difference between a deal falling apart and one that get’s to the table.