Re:Almost 70% of Millennials Regret Buying Their Homes
by jandrese on Thursday August 02, 2018 @03:16PM
(#17674599)
> Seller provides a home inspection
Conflict of interest.
They know most people won't sue them over issues, especially if the courts are just as likely to side with them outside of some truly egregious violation.
Re:Almost 70% of Millennials Regret Buying Their Homes
by maccard on Friday August 03, 2018 @04:52AM
(#17678256)
You can't just hand wave away an independent surveyor. The number of professional surveyors in my area is surprisingly low, and if I were to pay for my own survey I would likely end up using the same form as the seller used (in my area at least).
There is also plenty of precedent for courts to side with the buyers in misrepresentation cases in the UK. The law has provision for 2 years in prison, and surveyors have been jailed previously for lying on surveys.
Compared to England, where every prospective buyer has to pay 3-400 pounds for a survey, as no bank will give a mortgage without one, I prefer having the seller provide the survey.
However, the surveys are useless themselves. None of the reports I viewed had any information I didn't see myself in the property, and as I was looking at victorian tenements, they all have warnings about pointing, flat roof, old guttering, which are present in _every_ 150 year old stone building...