Rarely is the process of buying or selling real estate, regardless of where you are in the world, a 100 percent carefree endeavor that comes off without a hitch. There are almost always bumps along the way, and that’s why we have a dedicated customer concierge team at the Oldfather Group to help you through the process, from making the initial offer all the way through closing.
Things are going to happen, it’s inevitable! But that’s why you fully vet and hire the best Realtor possible to work with. This is where the rubber hits the road, so to speak.
One of the major parts of any real estate deal is an inspection of the property, performed by a licensed and capable home inspector.
Well, most of the time anyway.
But every now and then, you might have a seller who balks at having a home inspection done for one reason or another. It happens, one of those “bumps along the way” that we mentioned before.
So what do you do when that happens? Well take a listen below as Oldfather Group Founder and CEO Dustin Oldfather tackles this very topic in his latest real estate video.
One thing to keep in mind in the current environment is that we’re in the midst of a strong seller’s market here at the Delaware and Maryland beaches. And as long as that’s the case, you may need a tad more flexibility as a buyer if you’ve found a home that you really have your heart set on.
That could mean going along with the seller on the issue of a home inspection. Does that mean you shouldn’t buy the home? Well that’s a discussion you should have with your Realtor, once you’ve weighed all the pros and cons of making a very important financial decision.
One option that Dustin discussed in the video is the possibility of waiving the home inspection contingency, adding a clause that any inspection performed will be for informational purposes only.
If any defects are found, the seller won’t be required to make the needed repairs, but it will allow you to have the best information possible before reaching the settlement table.
In this scenario, the buyer gathers information, the seller isn’t required to spend any additional money and the lender is satisfied because an inspection has been performed and is on file.
It’s something to think about as you travel on your road to home ownership at the Delaware and Maryland beaches.
For much more on the coastal region’s real estate markets, call the Oldfather Group today at 302-260-2000 and speak to a member of the area’s number one sales team.
And continued best wishes from everyone at the Oldfather Group for a very special holiday season!