How to Handle an Inspection

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Breakfast Diva's picture
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I know an aspiring innkeeper who has put an offer on a b&b. Here's the scenario:

They put an offer for a b&b. The buyers of course want an inspection. The owner's b&b is the kind where people tend hang around all day in their rooms instead of getting up and out after breakfast. An inspection needs to be done, but there is no day where all the guests are checking out.

Do you let an inspector in the rooms that are occupied?

Do you inform the guest that a "maintenance" man needs to get into their rooms for 1/2 an hour? (Yes, it could will take about 1/2 hour for each guest room). The guests at this point don't know the b&b is for sale, nor should they. Anything can happen!

Do you say to the buyer that the inspector can inspect those rooms that are available, but will have to come back a second time to get the other rooms?

How would you deal with the guests when inspectors need to get up in attic spaces, inspect windows both interior and exterior, get on the roof, etc?

wendydk's picture
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OK, Little Blue is out of the closet!

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wendydk wrote:

OK, Little Blue is out of the closet!

Howdy!!

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wendydk's picture
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Closing was one week ago today, and we are settled into the new house.  All the carpet has been laid, new appliances and furniture delivered, and new dishes etc...have been unpacked and put away.  Just today the phone, internet and cable were hooked up.  Phone and cable I was able to live without...but my internet?  I was jonesing big time!

I now live less than five miles from both brothers, and have seen more of them this week than in the last two years. New Innkeeps at the Inn are doing wonderfully, and have really needed minimal help, other than trying to determine if the occasional spam email is legit......

Life outside Innkeeping is already wonderful...and not having a mortgage is just as nice as I thought it would be!

gillumhouse's picture
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Congrats on the new life. Especially getting your Internet back! I go into withdrawals!

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Samster's picture
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Good for you, Little Blue!  Big congrats on your new post-innkeeping life.  We have already seen more friends, family, and enjoyed our own family more in the last 7 months than we did in the previous 3-4 years.  Our son starts a new job about 4 hours from us (not as close as your brothers, but at least he's in the same State!). 

I can't wait for the day when we unload at least one mortgage.  Keep us posted on your happenings! 

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Breakfast Diva's picture
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I'm so happy for you! Congratulations...be sure to keep us up to date with your transformation.

Joey Bloggs's picture
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  LB!

Hey maybe you can come out now...and be you! I mean, not LB, but the person behind LB.  Redesign yourself in your new digs!  Shall we call you a retired innkeeper now? Way to go LB!

 

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catlady's picture
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Glad to hear all is going well on both ends of the transaction. Enjoy your new life!

wendydk's picture
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UPDATE:  Closing is scheduled for Tuesday the 5th.  NO arrive today to see their new Inn for the first time, and will work with us through this busy fall weekend to get their feet wet.

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YAY!!   October 5th will be here before you know it!  And then you will start the next chapter of your life.  Smiling  Hope you have smooth sailing this weekend.  Smiling

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Don't forget us little blue, come back and share with us.  Wishing you all the best!

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cherry64's picture
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Congrats!!! I had been meaning to make it up there to visit you, but it looks like I waited too long....  Good luck!

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cherry64 wrote:

Congrats!!! I had been meaning to make it up there to visit you, but it looks like I waited too long....  Good luck!

You and me both!!!!

gillumhouse's picture
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Uber congrats!! May you enjoy the next phase of what life has in store for you. May it all be good.

catlady's picture
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Congratulations! DOn't work them too hard..or they may not show up for closing

Breakfast Diva's picture
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That's wonderful!!!! 

camberleyhotelharrogate@yahoo.co.uk's picture
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woooo hoooo!!!!

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wendydk's picture
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UPDATE:  Inspection and Appraisal hurdles have been cleared.

InnBloom's picture
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So what's happening now?  I'm glad this is feeling good for you.

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wendydk's picture
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InnBloom wrote:

So what's happening now? 

Just waiting for closing to be scheduled...PA said no later than 9/30.

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Little Blue wrote:

InnBloom wrote:

So what's happening now? 

Just waiting for closing to be scheduled...PA said no later than 9/30.

WOW!!!! I am so happy for you!

 

And just a little (well, a lot) disappointed that I never made it up there to stay with you Sad

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Little Blue wrote:

UPDATE:  Inspection and Appraisal hurdles have been cleared.

Yea for you!!!!  

gillumhouse's picture
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YEA!!!!

camberleyhotelharrogate@yahoo.co.uk's picture
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glad she seems to be the kind of person you would like to sell to to look after your baby. That is a double bonus.

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camberleyhotelharrogate@yahoo.co.uk wrote:

glad she seems to be the kind of person you would like to sell to to look after your baby.

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catlady's picture
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Just curious??? Appraiser for the bank making the loan?  Appraiser for the person interested in buying???  Then you have to have a home inspection before closing????

Breakfast Diva's picture
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Wow, I thought I was living dangerously 10 years ago when we opened escrow before seeing the property in person. It took me 2 weeks to be able to get here and the contract was contingent on my approval after I viewed the inn in person.

Your buyer is quite a risk taker!

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Glad it went well!

wendydk's picture
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Maybe you should sell to the appraiser!

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Breakfast Diva's picture
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Best of luck! I'm sure it will come out great...they're luck to get your place!

camberleyhotelharrogate@yahoo.co.uk's picture
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from Si, Cam and the funny bunnies we have all our fingers and paws crossed!

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Little Blue wrote:

Appraisal happens in about 45 minutes from now....prayers are WELCOME!   Smiling

SOOOO...how'd it go???? Smiling

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 Fingers, toes and paws crossed here too! Good luck!

RIki

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Joey Bloggs's picture
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 YIPPEE!

wendydk's picture
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Update:  We passed our inspection with flying colors, and the next step is the biggie.  This is such an interesting situation, wish I was comfortable telling the story.

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Maybe you can share when it's all wrapped up?  Good luck with the next step!

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Little Blue wrote:

Update:  We passed our inspection with flying colors,

Of course you did!!! I am so happy for you!

Breakfast Diva's picture
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LB, that's great news! I've got my fingers crossed for you. Keep us updated. Oh yeah, I agree with blocking the day off. You don't need even more stress at this point.

Joey Bloggs's picture
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Here let me help:

Inspection, appraisal................then road trip! Come on out and see us!  

 

The longer I am an innkeeper the more I want an RV and to travel the country stopping whenever as long as I wish.

Joey Bloggs's picture
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LB! I am so excited for you.  I am containing it though, don't want to jump the gun.  Every time DH walks in from work and I say "Guess what?" He says, "We sold the B&B!" I say, "No there is a sale on tomatoes at Kroger"  I guess I better stop saying "guess what."  But I tell him after his disappointment each time that I would be doing daffy ducks if we sold, not saying "guess what."

wendydk's picture
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OK, guess I might be safe mentioning it now.  We have our own buyer's inspection coming this Tuesday...miracle of miracles, no guests in house that morning so far...had one, and he changed dates right after the inspection was scheduled...divine providence?  I sure hope so.

catlady's picture
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Oh wow...good luck. Are they buying the  B & B or as a private home. No matter which...hope it all works for you.

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catlady wrote:

Oh wow...good luck. Are they buying the  B & B or as a private home. No matter which...hope it all works for you.

Inn sale.  And yes, I'm a nervous wreck; scared to talk or even think about it...but kind of have to, as need some kind of plan for what comes next.  Inspection, appraisal................

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Good luck!

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Little Blue wrote:

catlady wrote:

Oh wow...good luck. Are they buying the  B & B or as a private home. No matter which...hope it all works for you.

Inn sale.  And yes, I'm a nervous wreck; scared to talk or even think about it...but kind of have to, as need some kind of plan for what comes next.  Inspection, appraisal................

LB... you are in my prayers today!!!

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Might be worth it to block it out so no one books last minute. Ideally you let the inspector in and lock up when they leave. That way if they "discover" something that is nothing you do not know about it and don't need to worry about it with the next buyer if this one does not work out.

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gillumhouse's picture
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Have crossed everything crossable!

Joey Bloggs's picture
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Understood. 

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