Even Home Sellers of Newer Or Well Maintained Homes Enjoy Offers Without Inspection Contingencies


Even Home Sellers of Newer Or Well Maintained Homes Enjoy Offers Without Inspection Contingencies
By Scott Rogers • April 21, 2022
So, you're getting ready to make an offer on a super popular new listing. You've heard that there have been 12 showings thus far, and there are already three offers on the table. You're going through the list of contract terms that you'll propose... offering price - high escalation clause - probably financing contingency - gotta be there appraisal contingency - maybe not inspection contingency - hmmmm.... Let's arbitrarily and inexactly throw all homes into one of two categories... Older and/or Poorly Maintained Newer and/or Well Maintained Many buyers who are considering properties in the first category (older and/or poorly maintained) are hesitant - reasonably so - to skip the home inspection contingency. Here's where things get interesting, though... Some buyers who are considering properties in the second category (newer and/or well maintained) think that a seller of such a property probably doesn't mind an inspection contingency because, after all, their property is newer and/or well maintained. And yes, that is true. Those property sellers very likely don't mind a home inspection contingency all that much... ...but... Chances are, you're competing with other buyers who are not including an inspection contingency... because the property is newer and/or well maintained... and... as my title suggests... Even home sellers of newer or well maintained homes enjoy offers without inspection contingencies. :-) That's not to say that all buyers should be making offers without inspection contingencies as long as a property is newer and/or well maintained... ...but at some point you have to do the calculus of what offer terms are most likely to secure you a contract to actually buy a house. Even if a home sellers has nothing to be worried about in home inspection category, they still enjoy be able to consider an offer without such a contingency! 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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