The Veritas Real Estate Group, Inc.

Make sure that your contracts give you the right to a home inspection and the right to walk away if anything comes up that requires repair. You do not have to give up your rights just because a seller requires an as-is contract.  If you are looking at a home that might be subject to a bidding war, it might be to your advantage to have the inspection done BEFORE you make the offer. Yes, it may cost you between $200-$300, but if you waive the right to an inspection in your purchase offer the seller will have more confidence that the deal will close. This is particularly useful in cash deals because then there is no financing contingency or home inspection contingency or appraisal contingency that the seller has to worry about and that buyer is more likely to have their offer accepted than the individual who is obtaining financing and who will require a home inspection.

Posted by Pat O'Connor on June 16th, 2010 9:09 AM

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