In today’s competitive real-estate market it’s not uncommon to see a bidding frenzy for a single home. In this post pandemic market, the rate of home sales has sky rocketed. Buyers are often desperate to stand out from other buyers. Unfortunately, this insane market has also resulted in realtors spurring anxious and desperate buyers to make their offers more enticing to sellers by choosing to forgo a home inspection. More recent trends are also producing sales of homes with as short as 5 to 7 day contingency periods or even sales with 0 contingencies and no home inspection involved.
Make no mistake about it – regardless of the housing market forgoing a home inspection is never a good idea under any circumstances!
For most people, buying a home is considered one of the most expensive investments you will ever make in your lifetime. As a buyer it is easy to fall prey to market pressures when you feel rushed through a home buying experience. If you find yourself in a situation where you feel rushed to sign agreements or forced to make sacrifices in contingency periods, or your right to a home inspection, you are very likely to run into significant issues where in many instances, there’s little or no legal recourse available for you. Your home inspection is the only “safety valve” you have which can allow you to back out of the contract if the inspection turns up unfavorable conditions and have your deposit returned.
So, what ever you do – NEVER WAVE YOUR RIGHT TO A HOME INSPECTION. A professional home inspection should safe guard you investment interest as well as the health and well being of your family. If you are buying a home in Albany, Leesburg or Southwest Georgia call us today for your home inspection. We’ve Got Your Back!