ForumGarden

Do not believe anything you read and only half of what you see.



Is that a fair statement?

buttercup;1299256 wrote: Do not believe anything you read and only half of what you see.



Is that a fair statement?


You are talking about what we call in the states "Real Estate Agents"-----In your area who do they represent? The buyer or seller-----or both? and ----do they require Inspection Reports when purchasing a property------and -----how good are the inspection reports?

In my opinion Lon they are geared towards selling a property eg: (wide angle lens of garden ect)

The inspection reports / home reports (Scotland) give the price the property is worth and that is what we base an offer on.

England differs in that they will pay much more than the value of the home to secure purchase, in England they can also be 'guzzumpted' or pipped to the post in a sale.

We do not allow this in Scotland, you make an offer, you have entered into a contract and if you try to get out of it, you are frowned upon as a serious buyer or seller and better find yourself another solicitor.

buttercup;1299263 wrote: In my opinion Lon they are geared towards selling a property eg: (wide angle lens of garden ect)

The inspection reports / home reports (Scotland) give the price the property is worth and that is what we base an offer on.

England differs in that they will pay much more than the value of the home to secure purchase, in England they can also be 'guzzumpted' or pipped to the post in a sale.

We do not allow this in Scotland, you make an offer, you have entered into a contract and if you try to get out of it, you are frowned upon as a serious buyer or seller and better find yourself another solicitor.


Inspection Reports------In California ----If I am going to buy a home and submit an offer that is accepted I would pay or the seller would pay, to have the house inspected for wiring, plumbing, roofing, leaks etc. and list all faults not already listed inthe initial offering. I---the buyer---would then make the sale contingent upon my acceptance of the Inspection Report. If the roof had a big leak for example I might wish to lower my offer or ask the seller to repair. Failure to disclose leaks, major faults etc. could result in a suit.

I bought a home in New Zealand and wrongly assumed that an Inspection Report would work just like in the states, it didn't, and though the Inspection Report was GLOWING, the home had major leaks that later resulted in a suit against the Inspection Company and builder. It took two years to settle. That would never have happened in the U.S. Also-----if I list my house for sale with an agent, then that agent is to represent me and not the buyer. Representing both is a conflict of interest in my view.