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Updated almost 9 years ago on . Most recent reply

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Garrett Diegel
  • Rental Property Investor
  • Nevada
85
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241
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Should I order an inspection.

Garrett Diegel
  • Rental Property Investor
  • Nevada
Posted

We are looking to close on a deal that has taken a total of about 11 months to get approved. When we walked the property we came out with about $5,000 or so or of repairs needed on this property for various items such as : stairs to top unit (it's a triplex), roof repair, carpet repair one unit, slight water damage in the a/c vent from the swamp cooler. All the numbers still work out fine when we take this into consideration. My question is: Now that we are at the closing table or close to it. Should we still order an inspection through our realtor or should we just walk the property again with a contractor? Any advice is appreciated. 

Most Popular Reply

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9,999
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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
18,562
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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
ModeratorReplied

@Garrett Diegel a good inspector will notice things you may have missed. I don't know your experience level or how thorough you inspected. An inspector will probably spend 3-4 hours there testing every outlet, window, burner, etc. One option is to get the inspection and then just come back and ask for enough money off purchase price to cover the cost of the inspection. In my experience an inspector is $300-400 and it is pretty easy to get at least that much off due to issues they find. Then you end up with a property that has been thoroughly inspected by a third party.

  • Joe Splitrock
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