Finding a reputable inspector and/or appraiser out of state

[John McDermon]

I'm looking into buying properties out of state through a turn-key company. Once I've got a couple of deals under my belt and an established relationship with trust built on past performance I don't think I'll need to do this, but until then, I'd like to get an independent inspection and appraisal of a property before I'm too committed. So I have a couple of questions:

1) how would I go about finding a reputable inspector and/or appraiser out of state?

2) would I really need both?

3) how/when in the process would I have these inspections performed?

Can I make my offer contingent on favorable inspections and appraisal to allow me to lock up the deal quickly (assuming there's competition for the property) and still be protected if everything wasn't up to snuff.

Assuming the seller accepts the contingency terms of my offer, if the inspection and appraisal aren't good, then I should be able to get out of the deal without loosing any earnest money -- right?

I realize I'm putting myself at a disadvantage against a competing buyer willing to offer without contingencies. Am I being to retentive about this?
Any help in this are will be greatly appreciated.

Thanks In Advance,

--John

[Chris T.]

1. Ask for recommendations on BP in the forums! OR search for active BP members in the area you're buying and ask them.

2. Yes you do - Especially if you're not familiar with the area.

3. You can hire an appraiser and inspector without signing the contract. The only issue with that is the seller is not tied to you, so they can still show the property. But since it's a TK, they should show good faith to you by agreeing to hire independent companies for you to do your due diligence. If they don't, watch out!

I believed all the sales contract (depending on your state) has a home inspection contingency, so consult your attorney. If the home inspection is not satisfactory to you, you can back out. And yes, use BP to find a reputable lawyer that is local to represent you.