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Reply to "Inspection for informational purposes?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You have to look at the entire contract. It may mean you waive the inspection contingency (meaning you can't back out no matter the results) but sellers agree to let you inspect purely for your own information to prepare to do the work. What other PPs are describing sounds more like an "as is" sale without waiving the inspection. Regardless, you need to look at the contract. [/quote] I am the 1643 poster. Ours was specifically called "Inspection with Option to Void" which our realtor always referred to as "information only" inspection. [/quote] not to quibble but that just sounds like "as is" with an inspection contingency, not "information only." But as long as your agent explained how/when you could void the contract, no harm done. [/quote] Agreed. But isn't that what "information only" is? "As is" with an inspection contingency? I've never heard "as is" from a buyer perspective. Is this a term that's actually used in contracts? I've only ever heard "As is" in the advertisement for a home when a seller wants to let the buyer know "I'm not fixing anything for you." But does that term being used by a seller necessarily preclude an inspection? A buyer could still put in an offer in on an "as is" home with an inspection contingency with option to void, yes?[/quote] Ours was an estate sale and it clearly said As is. Kids were out of state and didn't want to do repairs. We were fine with that as long as we could have an inspection that only stated house needed major updates but was basically sound. [/quote]
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