The market is HOT. I’m sure you’ve heard. The unusual market conditions have our minds reeling, asking questions about how to get offers accepted and beat out the competition.
But, when it comes to home inspections, this is not an area I would advise you to sacrifice on or cross out of the contract for the sake of presenting a more attractive offer. Here are three reasons why…
The Significance of Home Inspections
1.) The home inspection protects you from the unknown – to an extent. Obviously, the inspector is only human, and some major appliance could break the day after closing. But, having an in-depth inspection of the home’s major systems and structure will provide some peace of mind for you as you move forward with such a significant financial investment. Trust me, you’ll want the peace of mind.
2.) Even if you’re paying cash for the home, the inspection contingency allows you, the buyer, an “out” if something major is discovered during that initial contingency period. That’s why we encourage you to act fast to gather insurance quotes during this due diligence period. We also check for open permits and take care of other important tasks at this time.
Why are you protected with the “As Is” contract? Great question!
We answer that in another blog titled: “Don’t Fear the Florida “As Is” Contract” (linked here).
3.) The third reason I give for not waiving your home inspection is simply that it’s still the norm here. Home inspections are still taking place and within a reasonable 10-15 day inspection period. If the home is rented, inspection periods can even be extended, and for the most part, sellers understand and respect the buyer’s desire to have an inspection.
While these answers are short and sweet, I hope this helps to shed some light on a question that I have received recently and gives you insight on our local Sanibel real estate market conditions. As always, please don’t hesitate to reach out with any questions you have! I’m happy to share my honest answers and opinions.