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Asked by NEW AGENT, Chicago, IL Thu Mar 31, 2011

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Answers

16
Scott Godzyk, Agent, Manchester, NH
Thu Mar 31, 2011
You certainly could if you wanted to, the keys is if it is bank owned, do it before making an offer, if you are buying a owner occupied sale, then you can make your offer contingent on a satisfactory home inspection and structural inspection, allow 7 days for results.

Please see my blog for tips on buying bank owned homes
2 votes
Harold Arnold, , Chicago, IL
Thu Mar 31, 2011
My advise to you is two-fold. If you make a 2nd viewing, you can have your inspection specialist meet you there or you can make an offer contingent on a 5-10 day inspection of the premises. Your realtor can help you with this matter.

Harold Arnold/ Realtor
American Invsco Realty
Chicago, IL
312.523.8174
1 vote
John Walin, Agent, Libertyville, IL
Thu Mar 31, 2011
Just to clarify, you need to have a licensed specialist with authority to question the integrity of the structure. The home inspection provision require licensed inspectors to carry the weight of recommending repair or replacement. Also non destructive testing taking of sample needs to be allowed. So your handy uncle Fred that is a carpenter has zero credibility when it comes to taking a position that attorneys incorporate into the correspondence under the inspection provisions of the contract.
1 vote
Suzanne Hami…, Agent, Orland Park, IL
Thu Mar 31, 2011
Sure. As long as you don't do anything to the property, you can bring anyone you want - with your Realtor, of course - to see it. Some people just wait until after the offer because they don't want to spend the money on any kind of inspection or consultation without knowing they have a deal.

But if it is a big question as to whether to make an offer or how much, it is a smart idea.
1 vote
Evelyn S. Fr…, Agent, Chicago, IL
Thu Mar 31, 2011
Hey there home buyer,

You most definitely can regardless if it's home owner occupied or an REO (bank owned).

If it's occupied you'll need to submit the offer with an inspection contingency. You won't lose your earnest money as long as you inspect within the time frame allotted, which your Realtor can help you determine, usually 5-10 business days.

If it's bank owned, you can more than likely (and should) do it before, but you run the risk of losing out to another more zealous offer if it's a good buy. Again, your Realtor can guide you based on market time, price, comps, etc...

Good luck!
1 vote
Van Tomaras, , Chicago, IL
Thu Mar 31, 2011
You should definetly inspect every property thoroughly.before making an offer. obviously the costs to repair should be reflected in the price you offer.
I perform these types of inspections.
Please call my office to discuss 13129289999.
I am a licensed archtiect, with a full staff to do just that.
Sincerely,
Van Tomaras
Design 21 Co. Inc.
Architects/Engineers/Consultants
1 vote
John Walin, Agent, Libertyville, IL
Thu Mar 31, 2011
I agree with agents that you should write an offer with an expanded home inspection provision to include structural analysis. If you don't come together on price and terms, the defects don't matter! If the inspection goes well, then you can keep to the contract price. If damage is worse, you can renegotiate the repair into the price or walk away from the deal. Home inspection provision in standard contract is 5 days for inspection report and five days to negotiate deficiencies. Double that, modify inspection to be 10 days for report and 10 days to settle the repairs. Last point, if structural defects are found, the seller needs to change the Illinois property disclosure for the home to reflect those problems. So the seller has to divulge your findings to the next buyer if you walk from the deal. Good position for you to be in. Have an agent you trust and use a good real estate attorney

If you like my answer, select best answer and thumbs up, thanks!
1 vote
Gina Giampie…, Agent, Moon Twp, PA
Wed Apr 6, 2011
Yes you should!! That is a great way to know if even want the house. Why waste your time and the sellers if no offer is forthcoming based on the inspection. You could also give the seller an offer based on the inspection report.
Your agent should be able to set that up for you.
Hope this helps and Good Luck in your buying process
0 votes
Matt Laricy, Agent, Chicago, IL
Thu Mar 31, 2011
As long as they dont do anything to harm the property and as long as you pay for the guys time (or if its free no need!) it wouldnt be a problem.

Matt Laricy
Americorp Real Estate
Brokers Associate, e-PRO
mlaricy@americorpre.com
708-250-2696
0 votes
Michael Pete…, Agent, Chicago, IL
Thu Mar 31, 2011
Sure, but why would you want to spend money on a deal that you don't yet control? How many times could you get this specialist to come out to see properties for free?

Get a property under contract with an inspection contingency before spending any money on inspections.
0 votes
Dallas Texas, Agent, Dallas, TN
Thu Mar 31, 2011
Your buyers agent needs have this arranged on your behalf. Yes you can why enter into a binding agreement tie up additional money when you need to address major concerns
Web Reference:  http://www.lynn911.com
0 votes
Terry Perdue, Agent, Chicago, IL
Thu Mar 31, 2011
Yes, you should be able to bring anyone that you wish to look at the home before you make an offer or after the offer. This could be your architect, structural specialist, contractor or home inspector. Most properties (with the exception of a signed waiver of subject to inspection) do have a clause in your contract where you have an inspection period.
0 votes
Don Tepper, Agent, Burke, VA
Thu Mar 31, 2011
Yes.

Check with your Realtor, but it'd be better if you made an offer subject to the inspection. Otherwise, you may end up paying the inspector, making an offer based in part on the results of the inspection (which of course you should do), and then have the offer rejected. Now you've paid hundreds of dollars or more and you don't even have a contract.

Generally, it's better to make an offer contingent upon the inspection. Your offer should reflect your concerns about the structural damage. If your offer is accepted, then you bring in the inspector and--per the terms of your contract--attempt to adjust the purchase price accordingly.

Hope that helps.
0 votes
Gerard Dunn, Agent, Chevy Chase, MD
Thu Mar 31, 2011
Yes - with Permission.

Get the permission IN WRITING.

Disclosure and communication are important!

Gerry Dunn
0 votes
Phil Rotondo, Agent, Melbourne, FL
Thu Mar 31, 2011
Yes you can; but you should be under contract on the home prior to any inspection that you have to pay for. You wouldn't want to pay a specialist for services only to find out that the owner accepted a contract with another buyer.
Web Reference:  http://www.321property.com
0 votes
Fran Rokicki, Agent, BOLTON, CT
Thu Mar 31, 2011
I would say, yes, with permission from the Seller. To be sure, check with your Realtor. In your offer, there is a stipulation for home inspections, prior to the closing. However, with the permission of the Seller, you may be able to do that, before hand. Again, check with your Realtor to be sure of the rules in your area.
0 votes
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