11: Using Home Inspections to Spot "Deal Killers" and Negotiate Better Prices with Rose Buckley

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 13 May 2020

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

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. Subscribe to Real Estate Rookie in your favorite podcast app, and if you enjoyed this episode, please pass it on to just ONE friend or family member who might, too. 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 Real Estate Rookie Facebook Group BiggerPockets Podcast HTTV - TV Felipe's Instagram Ashley's Instagram Summer Maintenance Checklist Fall Maintenance Checklist Winter Maintenance Checklist Spring Maintenance Checklist Rose in T-Rex Costume (Video) Rose's Inspector Story Time (Video) Check the full show notes here: http://biggerpockets.com/rookie11 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the real estate rookie show number 11.
0:04.0	So every time that I walk into a house there's something I always tell my clients
0:14.2	you're going to hear me say the word water about 500 times today.
0:17.1	Water is the number one enemy of a house. So if the gutters aren't put in the proper
0:21.7	space or if there's water leaking the proper space or if there's water
0:24.0	or if there's water being pushed against the foundation not drained away as we as
0:28.0	you just said those are the biggest issues.
0:38.0	My name is Ashley Kerr and I am here with my co-hoste my name is Ashley Kerr and I am here with my co-host Felipe Mejia who had to postpone this intro recording because he had
0:47.4	to get his hair cut.
0:49.2	That's right.
0:50.2	And if I would have known...
0:51.2	Always waiting on a woman.
0:52.2	If I knew you were going to throw me under the bus, I would not have gone.
0:55.6	But my barber told me, hey, Felipe, I'm booked until like Monday, but I can squeeze you in right after my lunch.
1:00.6	So I said perfect.
1:01.7	But that's not what we're here to talk about fully based hair.
1:04.0	So we have an amazing home inspector today.
1:07.0	Her name is Rose, and Miss Rose is a great businesswoman,
1:12.0	entrepreneur, and in the business that she's in, it's male
1:14.8	dominated, but she is crushing it. So before we talk about her though, I do want to
1:19.2	bring a little PSA. We did record this show prior to coronavirus, so we don't talk about it a lot not that we didn't want to be sensitive we just didn't know at that time so just
1:27.3	PSA for that but Rose comes in and tells some great stories what it looks like to hire a great home inspector what to look for in a
	...

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