I had a fascinating conversation with my buyer at an inspection the other day.
This house had great curb appeal----all decked out in its fall colors, and in a very desirable neighborhood----and priced just right.
Unfortunately, it was priced 100k under the typical homes in the area for a reason----perhaps. This post is not about all those reasons but I am sure that some of them will show up in future posts----several as a matter of fact. This post is about my buyer's perspective on the inspection; and, the cost of the inspection in relation to whether he ultimately decides to buy the property or not.
While my gut feeling is that the property is most likely not what he is looking for, what he had to say of the $425.00 inspection fee was this, "It is just money in the parking meter."
What a cool way to look at it. Imagine someone deciding to NOT put $.50 in the parking meter to avoid a $60.00 ticket. Percentage-wise, the inspection fee is actually a smaller percentage of what they might end up "owning" had they "not put the money in the meter"----especially when they factor in not only the cost of the home but the extra cost of repairs.
By all accounts----inspections are dirt cheap----cheaper than putting money in a parking meter.
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WA State, Home Inspector Advisory Licensing Board