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Pollyanna posted:This is making me a lot less comfortable waiving inspections, especially when contractors are MIA. You don't have to waive inspections most of the time, just waive the contingency. I know people who have actually snuck inspectors in to have a look around if it was going to be informational only and they didn't want to deal with spooking the seller. If you find out it's built on a nuclear waste dump or the roof is made of spiderwebs and sawdust you just walk and lose your earnest money. Or tank it with another contingency. Hypothetically you could get sued over that, but if you're in any kind of competitive market (the kind where inspection contingencies get waived) you can threaten to drag the lawsuit out and it's almost never worth it for the seller. The house can't sell while they're in a lawsuit, and if you drag that out for a year or more they're really hosed. Better to just pocket the earnest money and re-list ASAP. Losing your earnest money sucks, but it's way better than buying something that need six figures of work.
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Apr 30, 2022 16:59
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| # ¿ May 14, 2024 06:22 |
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