In a frenzied home-buying market, rushed and unregulated inspections are rising

  • 📰 WBUR
  • ⏱ Reading Time:
  • 87 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 63%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

A growing number of home inspectors in metro Boston are offering shortcuts – property reviews as short as 20 minutes that worry some inspectors. These can leave consumers vulnerable, and may be illegal. State regulators have not weighed in: mapoli

Greater Boston’s red-hot real estate market has fueled a controversial, and potentially illegal, practice among the licensed professionals who inspect homes.

“You’re going to move in and you’re going to say, ‘Holy moly, we spent $100,000 over asking, and I didn’t know I needed a new roof and my heating system failed in the first year,’ ” Rizzo said. Buyers opting for abbreviated inspections have little to no recourse if an inspector misses a problem that’s discovered later — say, a water leak in a basement or a faulty heating system.

Alex Steinberg, of JBS Home Inspections, probes the underside of the gutters during a house inspection in Newton. Amy Baxter, a new homeowner in Needham, said she and her fiance made a no-inspection offer on one house but were outbid. For the house they eventually bought, the seller accepted their offer, made on the condition of a full inspection. Good thing: Their inspector found a colony of termites eating away at a wall.

The unpaid, five-member board is an arm of the Division of Occupational Licensure, within the state’s Office of Consumer Affairs and Business Regulation. The board evaluates applications for licenses, considers complaints filed against inspectors, and carries out state rules for the industry. Meeting minutes from the past two years show fewer than five members have typically attended meetings.

Executive Director Keith Gleason, who took the appointed office in January, told inspectors at the March virtual meeting there had been “some initial discussions” with the board’s legal counsel. He said board staff wanted to gather information so members could make an informed decision. But the law leaves some grey area. It says inspections are not “exhaustive” and that inspectors are not required to report on every part of a home, including areas “specifically excluded” by the buyer.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Do people even use home inspectors anymore?!

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 274. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Home affordability will continue to be a problem, market expert predictsERShares CEO Joel Shulman shares his market predictions and remarked on inflation while appearing on 'Mornings with Maria' early Monday. FB market place ppl on welfare and WIC are selling their stock piles of baby formula!!!👀 I’ll take that bet. 6% mortgage rates, a looming recession, and the fed openly selling mbs off its balance sheet is gonna put the housing market in a tailspin within 18 months. Book it! No, it will become what one is willing to pay + natural order of things (i.e. death, job move, financial problems) will bring comps. So when running a CMA or LL for multi-family look NOI, it will lower significantly
Источник: FoxBusiness - 🏆 458. / 53 Прочитайте больше »