I had an inspection a while back where there were a huge number of problems with the house—big and small and in between. There was concern that if the seller saw the “entire” report (or even the entire summary) they might “freak-out” and not accept the counter-offer.
The idea was that if I would simply create a “CliffsNotes” version of the report, the seller would only have to see the REALLY BAD THINGS and then perhaps the deal would move along a little more smoothly. They were trying to make the point that a small number of big issues would be better than a list that included all concerns
I very politely informed the agent that, if I were to do such a thing, it would leave both of us open to tremendous liability in the event that some inter-related things might not be adequately discussed in an “abbreviated” format—-and send us all off a cliff.
It is funny how quickly the word “liability” can move the conversation in a different direction. The devil is in the details—not in the short-cuts. While the deal might fall apart—it is better that everyone be as informed as possible. I am impressed with how rare the deal falling apart actually is. A difficult deal is ultimately better than no deal at all for all parties it seems.
By Charles Buell, Real Estate Inspections in Seattle
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