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Real Estate
Reply to "Protection Against Flaky Buyers"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We haven't reached the part where they sign the contract. Our agent has them being issued the contract, and doing the inspection simultaneously in the effort to speed the process forward. Basically our timelines have been, Accept offer, issue contract, get them in to do inspection, inspection report comes back fine, wait, wait, wait...oh yeah, no, never mind we aren't buying the house after all. [/quote] This is not a good idea. The only reason to allow this is if you are selling as is and want to give them buyers a chance to evaluate the house. And even then, it is iffy. I am honestly floored that your agent is along home inspections without a signed contract. [/quote] Home inspections are often done before an offer is even submitted, particularly in competitive when a buyer doesn't want to lessen the chance of getting the property not having a home inspection contingency. This is exactly what the seller should be doing. Get a home inspection before the contract,mother there is no home inspection contingency and the chances of the buyer backing out are quite a bit less. There could still be appraisal and financing contingencies, but these are less often the reason to void the contract OP. even if you are an atheist, say a prayer to St Joseph to get you through this. He is the patron saint of housing and sometimes that helps [/quote]
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