Buying A Home
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Advice for bringing contractor to see home
My husband and I are interested in a house that has a foundation issue. Usually this would cause me to run the other way, but the house is in a great location (waterfront). We are bringing a contractor with us to see the house and give his opinion/price for fixing this issue. The owner of the house wants to be there for this walk through. I am a bit confused by this. Why hasn't he hired someone himself. He is aware of the issue. I feel like we are paying for the contractor and the owner of the house is getting a free estimate. Is this typical? I don't want to offend the seller because we are really interested in the house.
Re: Advice for bringing contractor to see home
Just keep in mind that the contractor is there to get as much business from you as possible. We were looking for a rental property and had an estimate for a $30k home that had a foundation problem - the estimate was $70k!! I have no doubt some of the work needed to happen to fix the problem but $70k seemed crazy. There was a post here a few months ago where someone was selling a property and there were some settlement cracks in the basement. I think they even had an engineer come in and say that there weren't any problems or something. The buyers had a contractor come out and apparently scared the buyers into backing out of the contract due to the cost of the 'renovations' that needed to be complete according to the contractor.
Definitely not typical. You do not want the owner there - have your realtor join you .
You are paying the contractor. Let the owners hire their own person to evaluate and gie an estimate.
Have a STRUCTURAL ENGINEER evaluate the foundation for the best advice on the problem then the contractor to price it out.