Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
You must be logged in and allowed to do that
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

38
Posts
7
Votes
Laura R.
  • Investor
  • near Richmond, VA
7
Votes |
38
Posts

advice on dealing with inspection report request

Laura R.
  • Investor
  • near Richmond, VA
Posted

HI Everyone,

We just finished our first flip and got a full price offer (with some closing allowances) the first weekend we went to market! The buyer has just completed the inspection and we received the report. There were about 10 mostly minor issues. Also, though, there was a request at the bottom of the addendum that we provide all contractors names and receipts for all renovations and repairs done during the time that we have owned the home. 

My realtor says he has occasionally seen this at the time the contract is written, but not as part of an inspection report, that the inspection is intended to identify major defects, this is not a major defect, and could be crossed off if we desire. We have no problem providing the names of all the major contractors we used during the rehab: driveway installer, granite company, HVAC contractor, drywall company, etc., but I do not think she needs all the receipts or needs to know the cost of everything we have done. 

She is also requesting a receipt for any of the repairs done as a result of the inspection, which I think is pretty standard and we will do. 

This is our first flip and was a bit surprised by her request. I know the appraiser may ask if the asking price is way above sales price, but wasn't expecting this from the buyer. My question is: Is this a common request of you guys. If you have seen this, do you comply and provide the buyer all of your receipts for the work you have done? 

I want to do what is typically done by most flippers. If this is the norm, then we will comply, just haven't seen anyone mention this or thought this would be a request. We are not trying to hide anything. Husband is a class A licensed contractor, and all major work was done by licensed contractors. 

Loading replies...