Quote:
Originally Posted by mswlogo
Likewise folks spending $4million could care less if it needs a new furnace.
I waived inspections to make my offers look stronger on several properties.
Inspections are mostly an escape clause or a plan to re-negotiate price and generally weaken your offer. You either really want the property or you don’t. You really gonna reject a $4m home over a leaky water heater? Or renegotiate for a $1000 off, when they have 2 cash backup offers waiting in wings? I don’t think so.
One place I made an offer on with no contingencies and site unseen.
That’s what you need to do in today’s market.
If you hesitate or put down any more contingencies than someone else, you’re out.
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I agree people use inspections for re-negotiations, it's unbelievable what's happening to a friend. They are picking apart every little nit picky thing on what is clearly a perfect condition house. It's causing him a lot of unnecessary pain as he finally said sorry no deal and moved onto the next offer he had. I have a good friend who owns a real estate business in Mass with 6 offices - she HATES what it's all turned into.
I also agree on a 4M property that the owners are dumping another $$$ into it and most likely only care about the big ticket stuff which is not the furnace.