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Updated about 7 years ago, 10/15/2017

User Stats

50
Posts
6
Votes
Darius Lipsey
  • South Bend, IN
6
Votes |
50
Posts

Could too many inspections kill deal?

Darius Lipsey
  • South Bend, IN
Posted

Hey BP,

My first duplex is under contract and will be financing using a VA home loan. I have a whole home inspection scheduled that will include visual mold, and radon inspections as well. The seller is paying for termite inspection. My original intent was to get plumbing, electrical, roof, and HVAC inspections in addition to whatever else the whole home inspector recommended for my own piece of mind.

Well, I was urged by a local investor to take caution and only get follow up inspections if red flags showed up in the general inspection report. He said by getting as many inspections as I can, combined with the pressure from VA loan that, I could be killing the deal.

How have some of the more seasoned investors handled more inspections than needed on the buyer side as well as on the seller side of the equation of VA or FHA loan?

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