Inspection already done

[Howard Thomas]

Hey everyone just had a quick question I’m looking at a property and the agent says the inspection has already been done and is going to send me a copy of it. Basically my question is should I go off that inspection or get my own done through another company. Thanks everyone for the feedback ahead time

[Alecia Loveless]

@Mason Hickman When the duplex next door to me came up for sale at $199,000 I looked at it and said it’s too expensive and needs work. It went under contract and fell through after the inspection. Price dropped to $179,000. It immediately went under contract again. Fell through again. Price dropped to $145,000.

My realtor said let me show you the inspection report the original buyer made it available. There was some stuff on it, a little electric, some caulking on the roof, but the kicker was that it said the building needed to be jacked up and have a poured foundation put in and the estimate the first people got was $75,000.

I brought in a well known foundation expert and they looked it over and told me that yes the ground has heaved due to cold winters but there’s no damage to the foundation, just sloping floors. No cracks in walls, dragging doors etc. He told me how to prevent further damage and it would cost less than $8,000.

I accepted the rest of the inspection report because my contractor looked over the property and didn’t find anything else.

I offered $100,000 due to the “need for the $75,000 foundation” which the sellers didn’t know had been dispelled. We settled on $105,000 as they had a $99,000 mortgage.

I’d definitely recommend having someone in the trades look at it, but if there’s no glaring issues it might be ok.