Inspector and broker relationship
Started by shah
almost 15 years ago
Posts: 100
Member since: Mar 2010
Discussion about
Need help knowing whether it is possible that the brokers influence the inspector and if so how I can prevent tham. Thanks
Shah, it is certainly possible if the agent knows them so have your attorney or a friend recommend someone.
Althea Ffrench
Licensed Salesperson
Triumph Property Group
Thanks Affrench for your suggestion, but I am wondering whether the broker can still influence the inspector no matter who recommends the inspector. Thanks
No, because you should physically be there during the inspection with YOUR inspector who is representing YOUR best interests, asking questions and being actively involved in the process. That is why YOU are paying the inspector.
i hired my inspector but when on site i had the feeling that he and the broker had communicated before head. Also he never disclosed me the evidence of leaks (i had to find out on my own the hard way after i was in contract)
A waste of money
most good inspectors are known by all of the experienced brokers. don't cheap out on this one, go with a licensed engineer, ask your attorney for a checklist of the most critical questions (which would include leaks, electrical capacity, building maintenance issues, etc, depending on what you're buying) and specifically review each area with the inspector at the end of the inspection.
In my experience, inspectors err on the side of caution, bringing up every little thing that might be too old, etc., and especially highlighting the bigger issues, because they don't want you to sue them later. I doubt they'd gloss over anything important just to get more biz from brokers.
A bigger issue is that (if I recall correctly) there's no standardized training/credentialing for inspectors in NY, and the systems and structures they need to inspect cover a wide range of trades.
In multifamily with centralized systems, there really isn't so much to inspect (and that's inspectable by your guy) that makes so much difference (small undersink leaks and the like aren't really what it's about). Building's engineering studies and board minutes are much more important, so have your atty doo-doo diligence on that info.