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Walk-Through Inspection


Pre-Offer Inspection


 

Some buyers want to know the condition of the property upfront, before making an offer, rather than agreeing to price and terms and then having the inspection blow it apart.

Low-inventory and high-demand markets are also changing the game when it comes to home inspections.

In some locations where the competition is so intense, some buyers are paying for full inspections even before they make an offer in order to keep the inspection contingency from locking them out of the game. Pre-offer inspecting and then having the option to waive the inspection if there are multiple bids can make the difference between getting the house or not. 

In some neighborhoods, multiple offers on homes for sale and bidding wars are more common now. This is changing the rules for people trying to buy a house.

Some sellers agree to let the competing buyers have one-hour walk-through inspections before receiving offers.

In these competitive markets, real estate agents suggest to remove home inspection and other contingencies, which is foolish.

At the very least, have a very experienced home inspector take a look in performing a one-hour walk-trough pre-offer inspection.

A pre-offer inspection means that you may be out several hundred dollars if your offer is rejected; but waiving the inspection can stick you with thousands in surprise repair bills.

  
 
 

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Last modified: 03/01/2016


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