3 mistakes when buying a new home

I thought there was some great information here for anyone buying or selling a home!

Brand-new doesn’t equal problem-free

By Barry Stone
Inman News®
Share This
July 12, 2012

DEAR BARRY: We bought our home when it was brand-new. There had been another buyer before us, but he backed out of the deal because of a foundation problem. The builder disclosed that the problem had been repaired. We were desperate and angry, so we purchased the property. Now we are selling it, and the buyer’s home inspector says the foundation was not properly repaired. It seems that we’ve gotten ourselves into a real mess. What could we have done to prevent this? –Marion

DEAR MARION: You made three critical mistakes when you bought the property. The first was to buy it when you were “desperate and angry.” Regardless of why you were feeling that way, a home purchase should never be based on negative emotions. Property is very expensive, and that kind of expenditure should be made only with clear thinking and sober rationale.

The second mistake was to accept the condition of the foundation without written proof of the repair work. Adequate proof would have been an engineering report on the foundation problem and a contractor’s receipt for the corrective work.

The final error was purchasing the property without hiring a qualified home inspector. Buyers often assume that a new home does not need a home inspection, and many homeowners have come to regret that unfortunate assumption. Had you hired a home inspector, you might have learned that the foundation was defective. Then you could have had it repaired by the builder, or you could have backed out on the deal.

The question now is whether the home is still covered by the state mandated builders’ warranty. You should check with an attorney or with the appropriate state bureaucracy to see where you stand in that regard.

DEAR BARRY: Our buyers hired a home inspector and he has made an expensive mess. While testing the dishwasher, he left room to inspect other parts of the house. We hadn’t used the dishwasher in years and the door seals had become dry and cracked. By the time the inspector returned to the kitchen, the floor was flooded, and the hardwood flooring is now warped and must be replaced. Are we stuck with the cost of this repair, or is the home inspector liable? –Ralph

DEAR RALPH: The home inspector has just learned an expensive lesson: Don’t leave the room when testing an old dishwasher. Had he remained in the room while the fixture was running, the leaking would have been noticed when it started, and the unit could have been turned off before the flooding occurred.

A good practice for home inspectors is to start the dishwasher first when inspecting a kitchen. That way, the unit can be running while the inspector is evaluating the cooktop, oven, vent hood, sink plumbing, cabinets, countertops, and so on. By the time these other items have been inspected, there will have been time for dishwasher leakage to become apparent.

You should discuss the issue of liability with the inspector, and be sure to ask if he hasinsurance for this kind of accident.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: