Home Authors Posts by Rick Mayuk
By changing the offer language to an “informational inspection” from a traditional “inspection contingency” condition, the deal is firm – the buyer is waiving their right to cancel the transaction based on the outcome of the informational inspection.
What happens when a buyer wins a bid only to discover the foundation is cracked, the roof is leaking, the house isn’t safe or there are rodents in the attic?
Many buyers and sellers are viewing properties and having their homes visited in a much different way thanks to COVID-19. The same is true for home inspections.