Home Buyers Who Desire Home Inspections Might Not Be Able To Pursue All Homes


Home Buyers Who Desire Home Inspections Might Not Be Able To Pursue All Homes
By Scott Rogers • September 3, 2021
Here's a dynamic I've observed in our local market over the past six months or so... Many new listings are receiving multiple offers within a few days of being on the market. When there are multiple offers on a house within the first few days there are often one or more offers without home inspection contingencies. Sellers prefer offers without home inspection contingencies. Most buyers who make offers with home inspection contingencies are not successful in securing contracts on houses in the situations described above. So -- if you are buying a house and you would only want to buy with a home inspection contingency (which is very reasonable) then you might not find success in securing a contract on a new listing with multiple offers... but once a house has been on the market for a few days or a week or two it is very likely that a seller will consider an offer with your inspection contingency - especially if they do not have any other offers at the time they receive your offer. So, reasonably cautious buyers who want do conduct a home inspection do not need to despair that they shall never be able to buy a home -- but it will likely mean that you will not be able to successfully pursue some new listings. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 24, 2024 (unless otherwise noted).
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