home on Thursday. I don’t really have many frustrations with our agent—she and her group have done a great job of assisting us through the process.
However, the inspection negotiation process was a surprise to me. We received a rather lengthy list of repairs that obviously the seller wouldn’t be able to address the full extent of. I expected we’d be able to leverage the full list of issues to negotiate for what we really wanted done.
I learned that it’s a courtesy for the buying agent to not surface the full list of issues because then the seller is obligated to disclose those issues going forward. I understand how this benefits the agents and the seller, but obviously the buyer gets the short end of the stick here. I didn’t make an issue of it because I understand that it’s an industry practice.
Is there any good reason why surfacing a full inspection report shouldn’t be the industry practice?
I’m not in Utah, but I’m a fan of Homie and the potential improvements it can bring to the industry. I wonder how they are addressing this portion of the process in a more automated fashion. I’m hoping their solution will lead to more transparency, but I can see how that would deter folks from selling on their platform.