Waiving home inspection and contingencies? Beware
Couple learns the risk of skipping due diligence
Many homebuyers this year are waiving inspections, contingencies, and even appraisals to win a bidding war. One couple has a warning.
By: John Matarese
and last updated 2021-05-25 12:39:52-04
The housing market is so hot that desperate buyers are now dropping contingencies and inspections in the hopes of submitting a winning bid.
When 10 people are making offers on the same home, buying it as is can make an offer more competitive. But one couple learned why that can be a bad idea, and has a cautionary tale for anyone dropping inspections and other routine home buyer diligence.
and last updated 2021-05-25 15:07:21-04
If you are trying to buy or sell a home, you know how competitive the market now is.
As a result, many buyers are taking homes as is with no inspections or contingencies.
But after learning of one couple s nightmare story, you might hesitate in doing this so you donât waste your money.
The housing market is so hot now that desperate buyers are now dropping contingencies and inspections to get a home.
One couple learned why that can be a bad idea.
Scott and Lorrie Hill recently found their dream home.
But to win the house, they purchased it as is, a decision that s now costing them a fortune.
Waiving home inspection and contingencies? Beware kxlf.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kxlf.com Daily Mail and Mail on Sunday newspapers.
Skipping the home inspection? Northern Kentucky couple has a warning
Family hit with thousands in repairs, legal fees
Some home buyers are skipping home inspections in order to get ahead. Consumer reporter John Matarese explains why this is a bad idea and how it could backfire.
and last updated 2021-05-11 21:31:41-04
COVINGTON, Ky. â The housing market is so hot that desperate buyers are now dropping contingencies and inspections to get their new home.
When 10 people are making offers on the same home, taking it as is can make your offer the winner.
But one Northern Kentucky couple learned why that can be a bad idea and has a cautionary tale for anyone dropping inspections and other routine home buyer diligence.
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