My experience is completely opposite of yours. We have an amazing buyer’s agent. And amazing home inspectors both times. Uncovered everything, including an ultimate deal killer. Our buyer’s agent genuinely cared about us finding the right home, for us, above everything else.You think a realtor will keep recommending a home inspector who routinely discovers problems that kill deals?You must have had some bad experiences.No. But I definitely wouldn’t use one recommend by a RE agent. Just piling bad incentives on bad incentives.…and arrange for inspections?
Good realtors will have good people in their contacts. Our inspector gave us a 50+ page document with pictures, showing the areas that were inspected and what things they recommended eventually getting fixed. The only thing of immediate concern was the radon levels, which our realtor negotiated with the seller to reimburse us for and she gave us a recommendation for a contractor. Radon system is still functioning well 5 years later.
You think the home inspector realizes that?
If you recognize that bond issuers paying credit rating agencies pre-GFC to rate bonds was probably a bad idea, you can see why the above is probably a bad idea. Is it bad every single time? No. Obviously not. Is it a bad system with perverse incentives? Yes absolutely
I do agree 3% is a lot of money. Ours accepted 2.5%. I think it will be possible to negotiate down to 1-2% or even a flat fee in the future.
Statistics: Posted by finite_difference — Fri Mar 22, 2024 11:13 pm — Replies 43 — Views 2911