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Suppose the seller got a bad report. Wouldn’t they just shop to a new surveyor to get a better one? The incentives are bad in this situation. Also, even if the
by edmundsauto 5y ago
Suppose the seller got a bad report. Wouldn’t they just shop to a new surveyor to get a better one? The incentives are bad in this situation.
Also, even if the money first comes out of the sellers pocket, it’s still being paid by the buyer in the houses cost.
- rapind 5y agoEasy way to solve that is making sure there’s a record of all accredited inspections that potential buyers can access. So you have a do-over after fixing something but there’s a trail for the buyer.