Agent

Should buyers forego inspection in a hot market?

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Dear Barry, In a past article, you wrote, "It is the height of professional irresponsibility for any real estate agent to advise a client against having a home inspection." In most cases, I would agree with this advice. But in a hot market, purchase offers that call for a home inspection are often rejected by sellers. Buyers hoping for an accepted offer sometimes must forego a home inspection, particularly when there are competing offers for a home. Wouldn't you agree that there are exceptions to your rule, when as-is offers are more likely to be accepted? --Marc Dear Marc, In a hot market, it is understandable that a seller would stipulate an as-is sale. At the same time, it is essential that the state of "as-is" be fully defined. Buying a property as-is means accepting whatever defects may exist, without requiring repairs or price adjustments by sellers. It does not mean, however, accepting a package of unknown and undisclosed defects, to be discovered after the close of escrow. The ...