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I am buying an apartment, happened very quick, and got a good price. I am not too bothered about getting an inpection, as I feel its a great price, and owner wants to close asap (suits me) so I dont want to delay. I am planning to redo kitchen and baths anyway, and its in a 6 story co-op, with a quite high maintenance, so I figure, what could be so bad with it? With a house I would of course do one, but a nyc co-op? (not top floor). Am I being really silly?
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You are being very silly. The high maintenance could be indicative of a problem and you want to have an inspection to make sure that there aren't any major structural problems, which I would fear considering the low price, the fact that the seller wants to close soon, and the high maintenance. It doesn't take long to hire an inspector or to schedule one.
[ Reply | Options ]I have bought 4 homes in 8 years. Did not do an inspection on first and had lots of problems with roof. Did do an inspection on second and had lots of problems with roof. Did an inspection on 3rd and did not have any real surprises. Did inspection on 4th and did not reveal anything I wasn't expecting. What I am saying is - inspection is only as good as the inspector and even then there are things they can't tell you because they don't know what is behind the walls. It's a roll of the dice. They can tell you age and life expectancy of mechanicals and things like that so you will know when you have to buck up to replace that stuff...but other than that you kind of need to know that you are going to have to spend a lot usually on stuff you did not expect to for repairs. I say save the $ on inspection and save it for repairs.
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