| To avoid "buying a pig in a poke," buyers
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| | contract should serious problems be
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| have long demanded the closing on a home
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| | uncovered. Should serious problems be
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| purchase be contingent upon a
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| | discovered, however, the seller is bound
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| satisfactory inspection by a home
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| | to know the deal will be in jeopardy. For
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| inspection firm. In many parts of our
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| | that reason, even an "informational" home
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| country, we're now experiencing a strong
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| | inspection won't look as good to her as a
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| sellers' real estate market and sellers
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| | contract with no requirement for a home
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| often receive more than one purchase
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| | inspection.
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| offer on the same day for their home. In
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| | Another option you might consider in lieu
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| this environment, buyers are rethinking
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| | of a home inspection is a sub rosa
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| the home inspection requirement. Is this
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| | inspection. Instead of using James Bond
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| a good idea?
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| | for spying, you could ask a friend
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| To Inspect or Not To Inspect
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| | working in the construction or
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| Clearly, if a seller got two offers and
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| | engineering field to walk through the
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| one requires a home inspection be done,
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| | house with you. The goal, of course, is
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| most sellers will choose the
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| | to look for any glaring "red flags" that
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| non-inspection offer with all other
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| | are deal killers.
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| things being equal. So, a home inspection
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| | If your friend doesn't see anything
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| requirement can put you at a competitive
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| | disturbing, you can then write a clean
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| disadvantage. Still, are you willing to
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| | contract offer without contingencies.
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| risk purchasing a home that has some
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| | Sellers love no contingency sales. The
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| fundamental, expensive problems? What if
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| | chances are good that you'll get the home
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| you purchase the home and subsequently
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| | you want, but still have a some assurance
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| learn plumbing under the floors must
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| | there isn't anything seriously wrong with
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| replaced? What if the repair costs
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| | the property.
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| $10,0000?
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| | There is no one right answer when it
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| One option may be to include a provision
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| | comes to deciding on home inspections.
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| in your purchase offer that provides for
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| | Each buyer has to ask himself how much
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| a home inspection done for informational
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| | risk he is willing to take. If you are
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| purposes only. That way, settlement under
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| | the only party making an offer, demand an
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| your offer is not conditioned upon the
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| | inspection. If you are one of many
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| inspection. It would not provide you with
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| | potential buyers, well, you are going to
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| the option of amending the contract to
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| | have determine your comfort level. Others
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| have the seller make repairs, nor would
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| | can provide information, but the decision
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| it provide a way for you to void the
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| | is yours.
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