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Recent News and Articles on the Keywords: presale + inspections + give  Related to the article below (Last Update: 8/5/2008)

Columbia Heights might add pre-sale home inspections
Minneapolis Star Tribune, MN - Jul 26, 2008
By LORA PABST, Star Tribune The Columbia Heights City Council will decide whether to approve the Residential Inspection Before Sale (RIBS) program at ...
House Hunting Center
Gay and Lesbian Times, CA - Jul 24, 2008
At the recommendation of his real estate agents, he ordered presale inspection reports on the property. The home inspector noticed sloping in the floors and ...
Vendors take risk signing SPIS form
Move Smartly, Canada - Jul 28, 2008
Pre-sale inspections of the house by the purchaser, her own agent, her boyfriend and her home inspector, failed to disclose any water problems. ...
This case is a real-life homeowner's nightmare
Pensacola News Journal, FL - Aug 2, 2008
... a circumstance the seller was aware of, she said, but did not disclose, nor was it discovered during the routine, pre-sale home inspection. ...

Messenger News
Renovation rort
Messenger News, Australia - Jul 23, 2008
The figures are based on 20000 pre-sale inspections conducted in SA by Archicentre over the past five years. Archicentre state manager Jim Jovanovic said ...
News Briefs: Nevada County Fair tickets on sale; Inspection needed ...
The Union of Grass Valley, CA - Jul 24, 2008
Pre-sale and discounted tickets may be purchased by calling, faxing or visiting the fair office by Aug. 5 at 5 pm Exhibitors may buy tickets online through ...
Cocoa farmers charged to dry beans properly
Ghana Broadcasting Corporation, Ghana - Jul 13, 2008
Mr Kyei urged Purchasing Clerks (P/Cs) to do pre-sale inspection to ensure that the beans did not contain any foreign matter before they purchased the beans ...
House Hunting Center
Gay and Lesbian Times, CA - Jul 17, 2008
In this case, make sure that you have presale inspection reports done before you market the property and price it to take into account the cost of the ...
BENTON COUNTY : Delivery pilot hurt as plane crashes in field
Arkansas Democrat Gazette, AR - Jul 10, 2008
Gerlits was bringing the plane from San Antonio for a threeday pre-sale inspection. Attempts to contact Jimmy Garrison, owner of All American Aircraft, ...
Source: Google News

American Law and the Marketing Structure of the Large Corporation, 1875-1890
CW McCurdy - Journal of Economic History, 1978 - JSTOR
... Pre-sale inspection of illuminating off was "neither unusual ... The Federal Meat Inspection
Service, established in ... slaughter and post-mortem inspections of meat ...

[PDF] American Law and the Marketing Structure of the Large Corporation, 1875-90 -
CW McCurdy - h-net.msu.edu
... scribed the entry of unfavored articles of commerce, and devised inspection laws
to ... that state laws must give way once Congress occupied the field with its own ...

Loss-reduction measures in federal earthquake insurance initiatives
CE Taylor - Proceedings of the Tenth World Conference on Earthquake …, 1992 - books.google.com
... even though loss-prevention measures were limited to pre-sale inspections of residences ...
to examine the feasibility of incorporating and give advice regarding ...

[CITATION] INDEX TO SUBJECTS VOLUME 30 ANTITRUST
B LAW, C RIGHTS, C LAW - HeinOnline

[CITATION] LH&RB
A SIXTEENTH-CENTURY, E LAWYER?S
-

Consumer Warranties and Satisfaction Guarantees: Some Definitions and Issues -
RS Owen - Services Marketing Quarterly, 2004 - haworthpress.com
... As far as we?re concerned, they can give their business to someone ... with future events
that are not easily sub- jected to pre-sale inspection (cf., Sandberg ...


MB Poscover - Loy. LAL Rev., 1994 - HeinOnline
... 3) debtor's president was present at sale; and (4) no pre-sale inspection of collat ...
dealers in the type of property sold.10 Courts will give closer scrutiny to ...

[CITATION] The Kansas Foreclosure Process: Adapting the System to the Changing Real Estate Finance Market
I Introduction - HeinOnline


C Pierson - Duq. L. Rev., 1997 - HeinOnline
... Code's omission of any reference to inspections vis-A ... the mere fact that an inspection
is made ... Contrast this with a pre-sale inspection that actually brings to ...

A comparison of defects in houses constructed by owners and registered builders in the Australian … -
I Blog - Structural Survey, 1999 - ingentaconnect.com
... derived from the property pre-sale inspection reports obtained ... A general deficiency
with inspection reports regardless of who performed the inspections is that ...

Source: Google Scholar

Presale inspections can give sellers advantage

By Dian Hymer

It's becoming more common for sellers to hire inspectors to inspect their property before it's put on the market. The reports are then made available to buyers to review before they make an offer.

From a seller's perspective, presale inspections accomplish two goals. One objective -- particularly in states such as California that have seller disclosure requirements -- is to make sure that property defects are disclosed to prospective buyers in a timely fashion. Sellers who order inspections often do so to ensure that defects they might not be aware of are disclosed before, not after, the sale closes.

However, presale inspection reports should not be viewed as a substitute for a seller's disclosure obligations. For example, if you are aware of a roof leak, you must disclose it, even if the inspector misses this defect.

Another benefit to sellers from presale inspections is that they tend to cut down on renegotiations that can occur after buyers complete their inspections. If the buyer is aware of a defect before an offer is made, it can be factored into the offer price. This way, the seller has a better idea of how much he is likely to net from the sale at the time the offer is accepted.

The more a buyer knows about the condition of a property before an offer is made, the better. If minimal information is available when the purchase contract is negotiated, and big surprises revealed are in the buyer's inspection reports, the transaction could collapse. In this case, the seller has to start over. And, the reports that were generated by the first buyers will probably need to be disclosed to future buyers.

Sellers who understand the wisdom of ordering presale inspection reports should use inspectors that are well known and respected in the local area. Your real estate agent should be able to recommend the best local inspectors to you.

Some sellers and listing agents mistakenly order reports from inspectors who are known for being less critical than others. This can defeat the seller's purpose and raise a suspicion in the buyer's mind if the inspector overlooks an important defect that the buyers uncover when their inspector examines the property.

The seller of a Crocker Highlands home in Oakland, Calif., recently hired a pest inspector who issued a benign report on the property. The inspector recommended no further inspections.

When the buyer's home inspector looked at the house, he saw evidence of dry rot under a bathroom. So, the buyers asked a second pest inspector to inspect the property.

The inspector recommended that test openings be done to determine if there was damage behind the finished walls. These further inspections revealed damage to the wood framing and a cost of more than $5,000 to repair it. So this particular presale inspection did little to mitigate further price negotiations.

HOUSE HUNTING TIP: Before you rely on an inspection report that was ordered by the sellers, make sure that the inspector who prepared the report is well respected for thoroughness and impartiality in the local marketplace. If this is not the case, plan on having another inspector look at the property. If the report is out of date, ask the inspector to update the report before you sign off on it.

Read the report carefully. Call the inspector yourself for answers to any questions you might have about the report or the property. Schedule a meeting with the inspector at the property to do a walkthrough of the property with you so that he can explain the report and answer any questions you might have.

THE CLOSING: It's never a good idea to forego inspections just to save money.

Dian Hymer is author of "House Hunting, The Take-Along Workbook for Home Buyers" and "Starting Out, The Complete Home Buyer's Guide," Chronicle Books.

Copyright 2007 Dian Hymer

 
 
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