Standing Out in Ohio Podcast
Listen and learn how some stand out from competition and gain market share. Information helpful to agents and buyers. Conversations with professionals and entrepreneurs regarding their stories and what makes their companies and themselves stand out and gain competitive advantages. Listen to stories from Ohio real estate agents and related businesses to help you know how to improve and who to consider using for yourself or friends. Created by the owners of a highly rated home inspection company in Ohio and the Winners of Best Home Inspection Company in the Midwest https://homeinspectionsinohio.com/
Standing Out in Ohio Podcast
Inspection Waiving Regrets: The Hidden Costs of Skipping Due Diligence
Skipping home inspections might seem like a smart move to strengthen your offer in a competitive market, but this short-sighted decision frequently returns to haunt homeowners years later. Jim and Laura dive deep into the concerning trend of inspection waivers and the painful consequences many homeowners now face when trying to sell properties they purchased without proper due diligence.
Through shocking real-life examples, they reveal how seemingly minor oversights transform into major financial burdens. There's the horrifying story of a flipped house where the renovator converted an exterior deck into bedrooms by simply laying carpet over deck boards that were making ground contact, creating perfect conditions for moisture damage and mold. Another cautionary tale involves unpermitted structural modifications where load-bearing walls were removed without proper engineering or authorization, leaving homeowners vulnerable to both safety concerns and potential legal complications.
The conversation highlights how moisture problems, when caught early, might cost hundreds to repair, but when left undetected for years, can require tens of thousands in remediation. For those who previously purchased without inspections and now plan to sell, the hosts offer practical advice: commission a pre-listing inspection to identify and address issues proactively rather than waiting for buyers to discover them. This transparency creates buyer confidence and demonstrates responsible stewardship of the property.
With approximately 70% of buyers who waived inspections reporting regret about their decision, the podcast makes a compelling case for why professional home inspections remain essential despite market pressures. Whether you're buying, selling, or simply maintaining your home, this episode delivers valuable insights into protecting your largest investment. Have you experienced inspection regrets? Share your story and subscribe for more real estate wisdom from Ohio's inspection experts.
To learn more about Habitation Investigation, the Three-time Winner of the Best Home Inspection Company in the Midwest Plus the Winner of Consumer Choice Award for Columbus Ohio visit Home Inspection Columbus Ohio - Habitation Investigation (homeinspectionsinohio.com)
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Welcome to the Standing Out in Ohio podcast, where we discuss topics, upcoming events, news and predictions with real estate professionals and entrepreneurs. Listen and learn what makes their companies and themselves stand out and gain advantages over the competition and gain market share. Subscribe for the latest news and discussion on what it takes to stand out from the crowd.
Speaker 2:Now here's your host, Jim, for a home inspection in Ohio. Trusted licensed home inspectors for your needs. From radon to mold, to warranties For a great home inspection, you really can't go wrong. Visit HomeInspectionsInOhiocom.
Speaker 3:Hey, welcome to the Stand Out in Ohio podcast, jim and Laura again.
Speaker 4:Hi everyone.
Speaker 3:Laura, Jim, Do you remember, or was it? They still do it now, unfortunately, but a couple years ago they were waiving inspections like crazy.
Speaker 4:Oh yeah.
Speaker 3:That still happened in Cincinnati, I was told recently. Not many houses down there, so they're just waiving inspection or get their offer accepted. They make their offer stronger, which really yeah, and I know something. I mean they're saving $500, $500, $600 for all for their inspections. But what Save that to do the repair of the shit that you didn't know was wrong in the first place?
Speaker 4:Well, and you have no clue how much those repairs are going to be, because you know, if I've got a piece of crap house, this is the perfect time for me to offload it. Say no, I'm not going to accept any offers with inspections, and then you just get out of your thing, wash your hands and walk away, dude if you're a slow mower, that's good timing, right, right, I didn.
Speaker 3:I never take care of it in my building.
Speaker 4:Get rid of them now. People are leaving.
Speaker 3:I'm going to sell them now.
Speaker 4:I'm going to sell them now, and then I'll buy some other ones and trash them.
Speaker 3:We don't like those. You've got to take care of yourself. You've got to at least keep it safe. I understand You're not going to put a fancy drain account. I totally understand that.
Speaker 4:We've had rental properties.
Speaker 3:We get that you put the most expensive shit in.
Speaker 4:No, you can do inexpensive, cost-effective repairs to it but you make sure that you do the repairs, you make sure that it's safe, you make sure that it's livable control of moisture is the biggest detriment to houses.
Speaker 3:Moisture levels. Yes, that's like that, don't be a problem, so anyway. So when people waive in all the inspections, like five years ago, right, yep, they really started heavily waiving these inspections, but now they want to sell them. Well, now they're in a part where now, like all right, we've been here five years and they want to sell because maybe they're moved because of the job they went downsizing or upsizing Because they've got kids now and they've got kids now that need a bigger place.
Speaker 3:The reason doesn't matter. But now that they are selling the housing and people are not waiting to expect the business to be born, all these problems, unknown problem birds are coming down the road. Because I like them all, I did not know it was a foundation Right. Even though that sucks for the owners, it sucks if they were taken advantage of Pretty much Taken advantage of by, maybe, the sellers if they sell it new. Not all sellers know, but you'll never be able to do that.
Speaker 4:And not only that, though, but just waiting that inspection makes no sense, because you're walking in and you have no clue what you're actually getting so here's one thing I'm wondering, though, now they find these issues now over.
Speaker 3:Those agents told me I think there's a way that my offer accepted so that I I think, yeah, I think that person will have a legitimate case if that is for doing that, even though we don't need to pay the fees. Well, they sign the things in a way that it doesn't matter, they don't have to go back, they can just say well, I needed a house. You told us a way to do it.
Speaker 4:Well, not one attorney we talked to a couple years ago said that what. What he's seeing is that people are going well. Yeah, I signed that, but I didn't understand what I was getting done. I didn't understand how that was going to impact me down the road. Yeah, so people are looking at that and they're going well.
Speaker 4:The person who is supposed to advise you and have your best interest advised you to not have the license professional the license professional, and at that point it becomes a problem then, because now, five years down the road, you're selling your house and you're finding that you've got a $20,000 foundation issue that you had no clue about and the new buyers aren't going to buy it with a $20,000 foundation issue because they have an inspection Right.
Speaker 3:Yes, and there's one story I heard a couple times. It's like, wow, they put my five days in the inspection.
Speaker 4:Oh yeah, those were Wait, wait. So you did an inspection, probably about five years ago, for a place that was just recently flipped, okay, and you were walking in one of the bedrooms and something didn't quite feel right to you, so you started investigating. My effector is Spidey-sense, your Spidey-sense. What you found was that they had converted the deck into bedrooms to make the house larger, and they literally put carpet on the deck floor.
Speaker 4:Oh yeah, I can feel the deck floor which were still touching the ground so it was all wet that was going to whip up to the carpet and cause mold issue down the road. And that was a recent flip.
Speaker 3:Oh yeah, they cast land on it deck on the outside of the river. I remember this primarily.
Speaker 4:Yeah.
Speaker 3:It was not going right outside. It was outside. It was in a place where it was in the water. It was in the water.
Speaker 4:It was recently flipped. It's okay. It's okay.
Speaker 3:You recently renovated a house Personally, unless it's, you don't know. If somebody flips a house, they won't get it they have. They're flipping houses for it's to flip the house for their kids. If not all of their kids are good, they could be doing cheap things for themselves and in this place, right here, theyements that are not finished. The permits, all permits outside are still in effect, and if you're a real estate agent, you're still going to have to pay, so they'll get into a situation.
Speaker 4:Well, like that one Right.
Speaker 3:Right.
Speaker 4:Well, what about the one that we did in Delaware that had been recently flipped and they had taken the wall out to the kitchen and the living room had not permitted it? This was the one that was sagging. This was the one that the client ended up calling the Delaware county auditor to ask if anything had been permitted and to find the information out, because she was concerned that if they bought it they were going to be required to, you know, like, reduce stuff and the devil were counting on her because of it. So I don't know if they learned it at the client or not. I have no idea.
Speaker 3:I guess the whole of this story is you need to always get it inspected Because you don't know. I mean, you don't pay for the repairs one way or another and maybe you don't care how you do it, but you're aware of what's possible, but you're more cautious. A bunch of people, maybe a seller, will say I mean, you got discounts. A seller would say it's a good thing, but they didn't get a discount. They got a discount on the house. They worked that way. Or a few years later, all of a sudden, the problem gets worse. We have to go to school. In that case it's a different course. Now it's a positive quality. Or later, a few years later, is.
Speaker 4:We had a call once from a little lady who had a basement company from now and told her that she needed those games in her prospects.
Speaker 3:Kevlar strips. Kevlar strips.
Speaker 4:Her prospects was fine, but when they put the Kevlar strips they started screwing up her crawl space and she was trying to find somebody to help figure out what was going on. So we referred her to another company and we took her out.
Speaker 3:But here's an idea.
Speaker 4:Hers was an art situation. But here's an idea If you went five years ago or four years ago and you bought your house without an inspection and you're looking to sell it now, don't wait for your buyer to do an inspection, that you find something. Have somebody come down do a maintenance inspection for you, give you that list of things that need fixed so that you know what's going on and you can get it taken care of. Because once a company comes out to inspect it, if it's done right, we don't care if we did it or how much it costs or anything along this line. We just care that it was done right and it's functional and that it works.
Speaker 3:You don't need to fix everything. I think there's plenty of them, right, but maybe they'll fix down road if you like it. It's not going to force, but we got a couple of here three things like I asked you a lot. You can get a dollar, right. You can leave that report out the fire to see if we're going to see how they'll fix it. So if you sold your house, you would receive a public comment on the fixed it, warranty, information or whatever I mean that buyer.
Speaker 3:They're going to have a really good feeling that you care and you could care your house. But here's the receipts and stuff that I would fix when we sold our house. Yeah, we had a person do an inspection on the house, but their offer was an informational inspection, we're going to have anything, no request from anybody, and we're like, okay, all right, and we knew our house.
Speaker 4:We took care of it. We took care of our house.
Speaker 3:It had some age-related things. It was built in the at least. Yeah, that was that paper that we found. But at least you know what you're doing. Take care of it. Take care of it. Yeah, that sounds like a seller who is using SQL for the last couple of years, or still not done.
Speaker 4:Yeah perfect.
Speaker 3:You might have a big deal about that, so I think that's it for this one. But yeah, inspection waving is coming home to the rooms for those who waved the inspections. I got again getting inspection. Now we can catch bombs early. It's a real tiny moisture, usually fixed in the beginning. A lot worse in five, ten years.
Speaker 4:Well, like that roof that we were talking about earlier and that roof in the attic, and the guy hasn't fixed it. He hasn't fixed it.
Speaker 3:The commercial building yeah the commercial building.
Speaker 4:That's just progressively gotten worse because he just band-aids it. He doesn't do it right, he's a slumlord. You don't want that. If you want to sell your house now, you need to make sure that you're taking care of stuff, because people aren't just jumping the gun anymore.
Speaker 3:but it's not like it was well, all the stories came from, all the bad, all the regrets yeah it was like 70 percent of the people bought the wave. The wave is talking regret not having an inspection right, or maybe they they regret buying that place, which tells me there's issues. There's issues, yeah, there could be other issues, but they regret they grab. Finally, first place there's a problem, there's issues popping up because that they wish, they would probably wish they'd be guided better. Right like that.
Speaker 3:Nobody wants less information, no you always really love to be clueless, which is not a good state to. I'd really love to be clueless, which is not a good state to be in. All right, everybody, thank you, bye.
Speaker 1:Bye-bye. You've been listening to the Standing Out in Ohio podcast. Be sure to subscribe on Spotify or Google Podcasts to get new, fresh episodes. For more, please follow us on Instagram, twitter and Facebook, or visit the website of the best Ohio home inspection company at homeinspectionsinohiocom or jimtroffcom. That's J-I-M-T-R-O-T-H and click on podcast. Until next time, learn and go do stuff.