Pat's SJMN Market Wise Q&A: Why is there Such a Big Gap Between Seller's & Buyer's Inspection Reports?
Pat Kapowich for the San Jose Mercury News Q: The well-maintained house we re buying was fully inspected and we were provided with those reports in the disclosure package. However, our buyer s agent insisted that we hire our own inspection companies and not accept the seller-friendly reports. Our pest report added up to $6,500 in damages due to dry rot and termites. The seller s pest report had one item with a $450 repair and several other items stating see other professionals. Both firms are standing by their reports and inspections. How can there be such a difference between inspections/reports within the same trade?
A: State-run Structural Pest Control Boards are formed to regulate the industry and to provide protection to the public. Licensed operators will have disclaimers in their reports stating, Registered companies should list the same findings (e.g., termite infestations, termite damage, fungus damage, etc). However, recommendations to correct these findings may vary from company to company.
In these cases, it s prudent to call both inspectors back to the property for a consultation with the parties involved. It sounds as if the seller s inspection company did not or would not bid on work outside the scope or skill of their workers. Correcting the architect s choice of decorative wood trim alone could easily run in the thousands of dollars. Plus, removing and replacing rotted or infested rafter eaves requires roof repairs.
Do you have a question for the new real estate Q&A Market Wise column in the SJMN?If so, please email them to: pat@SiliconValleyBroker.com