Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
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

All Forum Posts by: Johna Medeiros

Johna Medeiros has started 1 posts and replied 8 times.

Post: Unethical inspector?

Johna MedeirosPosted
  • Coventry, RI
  • Posts 8
  • Votes 2

Update: we offered to make a few repairs. I made it clear that we would be more than happy to put it back on the market if the buyers still wanted a reduction. The buyers accepted our repairs and want to close as soon as possible. Looks like they really wanted to house.

Thanks for all of your responses! You really helped me think this through.

Post: Unethical inspector?

Johna MedeirosPosted
  • Coventry, RI
  • Posts 8
  • Votes 2

Thanks Steve. The problem was with the weather header on the electric service, which was replaced by the electrician, so it seems to be an opinion. The washer hookup wasn't part of our reno, so the I can't fault the electrician.

I disagree with the question of ethics. If an inspector finds problems that aren't there with the specific purpose of reducing the price, it is unethical. Maybe not illegal, but not ethical. If it's an opinion, that should be made clear.

Post: Unethical inspector?

Johna MedeirosPosted
  • Coventry, RI
  • Posts 8
  • Votes 2

I agree Rob. Dick move. The buyers jumped on this house. Saw it Sunday, made offer Sunday. Interest point about the GFI. They can't expect a home built in the 1950's to conform to ALL of the new construction building codes.

Post: Unethical inspector?

Johna MedeirosPosted
  • Coventry, RI
  • Posts 8
  • Votes 2

Thanks Derek. Good advice.

Post: Unethical inspector?

Johna MedeirosPosted
  • Coventry, RI
  • Posts 8
  • Votes 2

Thanks Vanessa. That sounds like a good idea.

Post: Unethical inspector?

Johna MedeirosPosted
  • Coventry, RI
  • Posts 8
  • Votes 2

@Andrew S. @James Wise Thanks for your replies. I reviewed the list of findings with my contractor. There were a few items that were justified. They were things that we did not touch-the washing machine hookup should be GFI protected, and a small repair to the sill on the bulkhead. But for the most part, the items seem to be bogus. The electrical work that was done was inspected and approved. We did not cut corners. We remodeled this house as if we were going to live here. We would never do anything that was unethical, or try to sell a home that was unsafe. If the findings really did pose a hazard, why did they ask for money and not repairs?

Post: Unethical inspector?

Johna MedeirosPosted
  • Coventry, RI
  • Posts 8
  • Votes 2

I wonder if the buyers asked him to write up "extra" finding so they could get a lower price. Wish I had been there.

Post: Unethical inspector?

Johna MedeirosPosted
  • Coventry, RI
  • Posts 8
  • Votes 2

we just completed our first flip. We had a licensed general contractor do the skilled work. We had the electrical panel updated by a licensed electrician. A permit was pulled, and the inspector passed the work, no questions asked. We received a good offer at the first open house, and negotiated a fair price. All cash. They had a home inspector come out. He has found fault with the electrical work. There is a long list of "concerns," one of them being that the basement stair height is unsafe?. It is a 1950's home, and the stairs are structurally sound. The don't bounce and the wood is in good condition. The buyers now want a 5k reduction, which would bring the price down to their initial offer. We were not present for the inspection. In fact my agent called me after the inspection was done. I didn't even know it had been scheduled. We had settled on the price Monday. Inspection was done Tuesday.

We have sent an email, agreeing to make certain upgrades, but we are obviously not going to install new stairs.

My questions are: Do you make it a point to attend inspections? How do you refute the findings of an inspector? Does this all sound suspicious to you? We are not willing to reduce the price, especially since it has only been on market a week.

Here is a link to a video of the property. Hope it is ok to post it. http://m.youtube.com/watch?v=A0zVYU9NODA

Thanks for your input!