Quote:
Originally Posted by FlyingScot
Every 5 sales in 20 years? You definitely dodged a bullet. Forget about the comment above (which I agreed with at the time) that everybody loves their lake house.
I'm with Think on the need for lots of homework in advance of even seeing the house--chance favors the prepared mind. Prepare to spend a year or more looking/researching, then pounce with a high and fast offer when "the one" comes into view.
We bought our last house in Mass after a 20 minute walk through, with a high above asking price bid, no inspection. Almost insane, but we just barely edged out two others, and it's been a great purchase. We were able to do this because we knew the neighborhood and the economics well enough that we could bank on it.
|
We can't bring ourselves to waive inspection. We lost out on another lake home earlier this month because someone offered to waive inspection. - Our offer was for full price with an escalation clause that went up an additional $22k. We offered to only renegotiate any home inspection issues over $20k and to bring an additional $50k to the close if the home didn't appraise for full sell price. The offer that waived inspection was for full asking price. The fact that the seller was willing to forego another $22k makes us wonder if the sellers were concerned the inspection would show major issues. The home had been completely gutted and redone with the kitchen & bathroom moved to another floor. That one hurt; the house was gorgeous with a beautiful view.
Also, hi from Mass! We're south of Boston.