Quote:
Originally Posted by mswlogo
Likewise folks spending $4million could care less if it needs a new furnace.
I waived inspections to make my offers look stronger on several properties.
Inspections are mostly an escape clause or a plan to re-negotiate price and generally weaken your offer. You either really want the property or you don’t. You really gonna reject a $4m home over a leaky water heater? Or renegotiate for a $1000 off, when they have 2 cash backup offers waiting in wings? I don’t think so.
One place I made an offer on with no contingencies and site unseen.
That’s what you need to do in today’s market.
If you hesitate or put down any more contingencies than someone else, you’re out.
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You are definitely underestimating inspections. You have only highlighted small issues and left out major expensive issues such as structural integrity of framing, HVAC, roof replacement, foundation issues, mold, termites, dry rot etc. many buyers use inspections to justify they are paying for what they think they are getting and not as a negotiation tool.
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