Quote:
Originally Posted by 4X4
It's usually a percentage of the purchase price, ~1%.
As for home inspectors, that's a funny industry. They legit find stuff sometimes, but when there's nothing to report, they seem to look for stuff to validate or justify their $500 charge. There should be no shame in a home inspector telling a buyer that the house is fine. No need to start pulling out things like tripping hazards in sidewalk blocks, as though they're defects instead of a couple hours of homeowner elbow grease.
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The percentage thing changed years ago. It really was useless given the ability to take an identical issue and have the repair cost different by thousands of dollars depending who you speak with.
Given the extreme buyer's market right now, I make it clear when accepting an offer that we do not expect to be penny pinched post inspection and to advise that Realtors buyer that general maintenance or things which were clearly seen during the viewing are not going to to be negotiated post inspection. It helps when the inevitable post inspection renegotiation comes up.