Home Inspector To Do Appliance And Mechanicals Inspection

[CANative]

I don't understand this obsession with home inspections when the handbooks stated policy (over and over) is that the appraisal is not a home inspection.

Didn't any of you guys read the handbooks before last month?

 

[Peter LeQuire]

I don't think this gets the appraiser off the hook liability-wise.

The client hired the appraiser not the home inspector. So it would seem that the appraiser is still responsible for everything in the report including the inspector's
findings.

Correct.

 

[Tejus]

I talked to an appraiser in our state said he was bringing a home inspector on FHA appraisals to do the inspections of the appliances, heating and cooling, attic and crawl spaces. Is this allowed? I thought that the appraiser had to certify that he/she themselves had done these inspections? He was going to attach the home inspection report to the appraisal report and reference the inspectors work. He also was adding the home inspection fee to his appraisal fee and bidding them out at that combined fee level.

http://appraisersforum.com/forums/threads/FHA-handbook-inspection-requirements-and-fee.209095/

Read post #7 in the above thread for details on how this would work.

 

[Carnivore]

I don't understand this obsession with home inspections when the handbooks stated policy (over and over) is that the appraisal is not a home inspection.

Didn't any of you guys read the handbooks before last month?

I have not done an FHA in well over five years. I don't plan to do any in the next five years.

My guess is there will be many appraisers who not crawl up in the attic and wont crawl into the crawl space. Just Saying

 

[Terrel L. Shields]

I would not hire one. I'd red flag anything remotely suspect however and let the lender decide.

 

[Deleted member 80407]

I don't understand this obsession with home inspections when the handbooks stated policy (over and over) is that the appraisal is not a home inspection.

Didn't any of you guys read the handbooks before last month?

AGREE: Found this within the new guidelines.


PAGE 509 OF THE NEW 4000.1 FHA HANDBOOK STATES: The FHA Appraiser does not guarantee that the Property is free from defects. The appraisal establishes the value of the Property for mortgage insurance purposes only.

Some appraiser's are over thinking the new HUD handbook. If HUD wanted their panel to be home inspector's as well as appraiser's, they would have had this as a requirement for their panel.

 

[Bobby Bucks]

I would not hire one. I'd red flag anything remotely suspect however and let the lender decide.

That's my plan; plus, if enough others feel the same way, it will be the monkey wrench in the conveyor belt that slows the machine down enough to force someone to see what the holdup is.

 

[Mr Rex]

AGREE: Found this within the new guidelines.


PAGE 509 OF THE NEW 4000.1 FHA HANDBOOK STATES: The FHA Appraiser does not guarantee that the Property is free from defects. The appraisal establishes the value of the Property for mortgage insurance purposes only.

Some appraiser's are over thinking the new HUD handbook. If HUD wanted their panel to be home inspector's as well as appraiser's, they would have had this as a requirement for their panel.

So you think home inspectors guarantee that homes are free from defects?

 

[Fritz in NY]

There we go, a selfie stick. On sale now at Bed Bath & Beyond less than $ 15.
Do you think we could REQUIRE a copy of the home inspection before we inspect??? Just a thought.

 

[JTip]

I'm holding out for the photo drone that works like a robot sweeper. Just set it up by the scuttle steps and continue your inspection.
The drone flies a radar guided route while taking four corner pictures and returns to the exact spot where take off occurred, on the portable runway equipped with a tracking signal for a bulls eye landing every time.
Instantly download to your portable device, prefilling the appropriate photo fields in your report. Then it makes you a grilled cheese for the ride back to the office.

Patiently waiting....