Hello CJ. I have always tried to get sellers to get pre-listings inspections and make the necessary repairs if they were able to do so financially. In a hot market, sellers were able to get away with not doing inspections and they did not need to spend money on repairs. Now, that the market has cooled off for sellers, I find it easier to convince sellers to have the inspections done up front.
When representing a buyer, I try to get copies of any inspection reports prior to making an offer as it helps the buyer to decide how much to offer. However, I highly recommend that the buyers get their own inspections. If a buyer does not wish to spend the money of independent inspections, I have the buyers sign a statement that they waive inspections despite of having been advised otherwise. In summary, I would say that my advice has not changed, it just has become easier to get the sellers to cooperate. Real estate is a big investment and in my opinion the same caution is advisable whether you are in a buyer's or seller's market. Now, if we could get the lenders to see the benefit of getting inspections, we'd be in really good shape, wouldn't we.... more