Help me get my ducks in a row FAST!

[Anonymous]

Anonymous wrote:Call Redfin, do a property specific contract with them (for this contract).
Make appt asap to see house.
Call 4 lenders and get good faith estimate. Collect all your bank, tax, employment statements, etc.
Look at comps on Redfin, submit offer with the usual contingencies (home inspection, financing, home appraisal).

You could also use an atty at District Title to submit your offer. Rebate the entire buyside fee to yourself!

OP, skip Redfin. If you're looking in a market so competitive that agents are saying waive the inspection, you really don't want to go the amateur route.

[Anonymous]

good luck with getting a seller to allow pre-offer acceptance home inspection

[Anonymous]

Anonymous wrote:good luck with getting a seller to allow pre-offer acceptance home inspection

Do they not allow it? I fi were I seller (and we recently sold), I'd probably allow it if the person was going to waive inspection. I hate the who re-negotiation after inspection. If they do a pre-offer inspection, I could accept the offer knowing it was really what I was going to get. Also, if there are competitive bids, I'd probably get a better price because normally you'd accept the highest offer, but then that person negotiates you down after the inspection.

What's the downside? Is it that then you then know the defects and may have to disclose things?

[Anonymous]

PP probably thinks that's the downside but there isn't one. If the buyer has the pre-inspection and discovers a reason why they don't want to write an offer, they don't submit the inspection report to the sellers because they aren't making an offer.

[Anonymous]

One advantage of your situation is that you won't have a sales contingency

[Anonymous]

lots of serious buyers pay up and do their inspection the day before submitting their offer. it helps substantiate the bid price and can allow you to forget about the inspection contingency.

having a solid pre-approval and lots of savings helps too. in case appraisal comes in low you can still meet in the middle (or worse if sellers are sticklers).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Agent here. You should also contact a home inspector and have a time lined up to preinspect before making an offer. That way you will know the house's faults in advance and eliminate the inspection contingency in your offer. If there are too many problems, you are out $400-$500 but an offer without a home inspection will stand out.

Especially if it's going to be a multiple offer bidding scenario. This seemed to be happening frequently in the neighborhood we bought in this past spring and we did it on the house that we ended up buying.

As a recent buyer, I don't recommend waiving a home inspection contingency. Who cares if it makes your offer weaker -- so not worth it. Even with an inspection before an offer is made. That's horrible, HORRIBLE advice for a buyer agent to be giving.

I don't think the advice was to waive the inspection contingency but to do an inspection before deciding to write an offer. This is better for both buyers and sellers.