11: Using Home Inspections to Spot "Deal Killers" and Negotiate Better Prices with Rose Buckley
Real Estate Rookie
Shownotes Transcript
OK, you've got a property under contract. Now the real work begins!
In today's episode, you'll learn all about about a crucial step in the home-buying process: home inspections.
Find out how they work, how much they cost, and how they could wind up saving you a boatload of cash—or help you negotiate a sweet deal!
Rose Buckley is a certified home inspector who has walked 1,000-plus homes. And with her background in teaching and translating, she enjoys breaking down this part of the business for up-and-coming investors.
Rose shares her tips for finding a great local inspector and reveals which defects are no biggie, which are challenging, and which ones can be "deal killers."
And yes. We, too, noticed Rose is a female in a male-dominated profession. That led to a great discussion about how she approaches that challenge, how sometimes it's actually an opportunity, and why training as a home inspector—regardless of your gender—may get you closer to your investing goals.
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In This Episode We Cover:
What makes a great home inspector
Using an inspection report in price negotiations
The most common issues Rose runs into
Why water is the real estate investor's No. 1 enemy
The time she spent 8 hours inspecting a single house
How to spot sloppy work in a house that's been flipped
Termite and pest infestations
GFCI outlets in bathrooms and kitchens
Rose's experience as a female in a male-dominated industry
How becoming a licensed inspector could make you a savvier investor
And SO much more!
Links from the Show
Rose in T-Rex Costume) (Video)
- Rose's Inspector Story Time) (Video)
Check the full show notes here: http://biggerpockets.com/rookie11
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