When we do an inspection, we're not just measuring, taking pictures, and looking for general condition of the home-- we're also checking for health and safety issues within the house, which can mean things like dry rot on the deck, barred windows that don't have a quick release, etc.
There are two safety issues that don't just need to be reported to the lender, but are actually required by California law: 1) water heater double strapped for earthquake safety, and 2) installed & working CO (Carbon Monoxide) detector (s). Most water heaters are double strapped and we rarely have to worry about that.
CO Detectors, however, are frequently missing when we inspect. They are legally required by Senate Bill 183, which you can read more about here and states that as of July 1, 2011, CO Detectors are legally required in all single family dwellings with a fuel burning appliance, fireplace, or attached garage. As of January 1, 2013, they are required in all multifamily dwellings (duplexes, condos).
But why does it matter in my appraisal?
Sometimes when we condition a report for a CO Detector (which requires a follow-up inspection before the loan funds), realtors or owners are angry and think we are just trying to come up with things to add for extra fees. Just last week, an angry seller yelled at us when we arrived at the property for the extra charge he was paying. It's not fun to pay more for an
appraisal than the initial fee, but we aren't just trying to milk you for all you've got-- when we schedule an inspection with homeowners, we do let them know in advance that they need this, and if you're selling your home, it is the responsibility of the listing agent to make sure the home is ready for inspection and appraisal. The reason it matters, unfortunately, boils down to liability for the appraiser and the bank. If something were to happen in a house due to a lack of CO Detector and we cleared the house as safe-- well, it could come down on us and our negligent appraisal. Because there is this liability, the bank will not loan without a functioning CO detector installed.
Okay, where should I put one?
There should be instructions on your alarm, but here are some basic tips:
If you have any questions, don't hesitate to reach out to us at (916) 792-7112. We are here to help you!
