The usual concessions that used to win over sellers haven’t been enough for some who have their pick of offers and often look for the easiest and quickest deal. If buyers waive inspections, that’s one less opportunity for the sale to fall through, and the seller basically gets to sell the home as is.
Giampolo gives this advice to buyers: ”Be OK if you’re outbid. Don’t do the super-risky stuff. Know that you will get a home at some point.”Walking through a house without seeing obvious problems or buying newly constructed homes can leave buyers with a false sense of security. Inspections are designed to find issues that aren’t evident.
Freundlich had one client whose bedroom wall collapsed because of a water leak. Another client discovered the home’s basement floods with sewage. A common route is for buyers to accuse owners of not telling them everything they knew was wrong with the home on the seller’s property disclosure form, a document required by law. Through negotiations or a lawsuit, they can try to get money from the seller to fix problems by accusing the prior homeowner of purposefully concealing issues or failing to disclose issues they should have known about.But, Giampolo said, “you don’t want to hang your hat on that.
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