You can agree to buy As IS, with the inspection clause in tack. That means you have the right to have an inspection, but understand that the seller is not going to fix any issues. Then, do inspections and if you find any problems you can still walk away with your deposits. Try that next time.....Amanda
Contingency-free offers absolutely make a difference to the seller - sellers want the most money and the best terms or some combination thereof. It's not an indication that they're hiding anything - it's the hope of having fewer hassles. And I don't think that stating that a house is "as-is" means that there are all sorts of issues. What it means is that the seller is saying "here's my house at X price - I'm not interested in doing or deducting for anything your inspector comes up with".
As Mark suggested, getting an inspection done before your offer is submitted can be the best way to handle this. That may not always be possible but when it is - when they're accepting offers on a certain date for example - take the opportunity to do an inspection.
Below are some of our insights on the WHY's
"Hiring an inspector from the onset when a client is house hunting can speak volumes during the entire process and potentially turn those overwhelming feelings into a positive educational process. A client can learn much more over time than they could in four hours… Absorbing all that educational information over a longer period of time can also reduce the anxiety and burden when the time comes making that final decision and buying that dream home."
"We would recommend to any and all of our clients to hire a home inspector prior to entering into a contract to purchase. One reason for this recommendation is so we can do some research on the potential property in advance. An example would be to check with the town's building department for any building permits that might have been pulled by the current home owner or previous home owners."
"Educational awareness when you are house hunting is important to us as your home inspector. As a home inspector this process can help our clients see what we see on a subjective level, but this can also be the perfect opportunity for our clients to learn some valuable information of how the major systems operate within a home. By securing our services from the beginning it gives us the opportunity to teach you what we look for during an inspection, but most importantly WHY we look for it. The WHY’S are essential and pivotal to discovering the history of that home, and what the potential future may bring to you as the homeowner when buying that home? We firmly believe taking this process at a slow pace is pivotal because all homes have a history, even if they are brand new…"
As you have experienced. many, many folks do buy without an inspection.
You read time and time again, 'contingency FREE purchase offers' are more favorable that a higher price.
If you do not have the ability, experience, resources or objectives to forego and inspection, you will need to have the home inspected completed, at your expense, prior to making your offer.
There are other options. You need to confer with your real estate professional to get your offers structured properly.
Best of success in your home purchase,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
When I buy, I never have inspections done. Why? First, I know enough about the construction trades that I do not feel it is needed for me. (That's important to remember: if you don't know enough, keep having the inspection clause inserted in your offers).) Secondly, the properties that I buy all need work - it's the work that I do that gives me my profit. Thirdly, the ability to make a non-contingent offer (no financing needed, no inspections, no this or that) gives me a leg up on the competition and cuts a lot of mustard with sellers, especially institutions, who are tired of buyers who cannot perform and are actually willing to sell it for less and be sure that this time it will actually close and it'll be off their hands.