UrbanBaby

06.05.08, 18:18 PM General Topics
9 replies

I am buying an apartment, happened very quick, and got a good price. I am not too bothered about getting an inpection, as I feel its a great price, and owner wants to close asap (suits me) so I dont want to delay. I am planning to redo kitchen and baths anyway, and its in a 6 story co-op, with a quite high maintenance, so I figure, what could be so bad with it? With a house I would of course do one, but a nyc co-op? (not top floor). Am I being really silly? [ Reply | Watch | Flag ]
General Topics 06.05.08, 06:18 PM Flag

Dear UrbanBaby community,

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are you saying youre going to bypass the inspection [ Reply | More

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General Topics 06.05.08, 06:21 PM Flag

sounds like it, doesn't it? [ Reply | More

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General Topics 06.05.08, 06:22 PM Flag

yes, inspection takes just a few hours and can usually be done on really short notice. [ Reply | More

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General Topics 06.05.08, 06:22 PM Flag

You are being very silly. The high maintenance could be indicative of a problem and you want to have an inspection to make sure that there aren't any major structural problems, which I would fear considering the low price, the fact that the seller wants to close soon, and the high maintenance. It doesn't take long to hire an inspector or to schedule one. [ Reply | More

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General Topics 06.05.08, 06:23 PM Flag

it gets done in a day and you get the results that day. i would not bypass the inspection. even if you're going to redo a lot, you still want to know what you're buying [ Reply | More

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General Topics 06.05.08, 06:24 PM Flag

i seriously do not get this. why in the world would you pay so much money for something and not get it checked out first? you could find someone to come w/in 24 hrs for $300 or so. would you buy a used car without having a mechanic check it out first? i wouldn't. [ Reply | More

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General Topics 06.05.08, 06:24 PM Flag

I have bought 4 homes in 8 years. Did not do an inspection on first and had lots of problems with roof. Did do an inspection on second and had lots of problems with roof. Did an inspection on 3rd and did not have any real surprises. Did inspection on 4th and did not reveal anything I wasn't expecting. What I am saying is - inspection is only as good as the inspector and even then there are things they can't tell you because they don't know what is behind the walls. It's a roll of the dice. They can tell you age and life expectancy of mechanicals and things like that so you will know when you have to buck up to replace that stuff...but other than that you kind of need to know that you are going to have to spend a lot usually on stuff you did not expect to for repairs. I say save the $ on inspection and save it for repairs. [ Reply | More

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General Topics 06.05.08, 06:38 PM Flag

have your contractor or RE attorney recommend an inspector. it's stupid to skip the inspection, IMO. [ Reply | More

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General Topics 06.05.08, 07:10 PM Flag

RE attorney here. I would guess only about 1 in 5 or 6 get an inspection of a coop or condo. [ Reply | More

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General Topics 06.05.08, 07:12 PM Flag