Reply to I want to get an inspection on the house I’m buying

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We put in an offer for asking and "as-is" but with an inspection. I think the understanding was that the offer was as-is unless the inspection revealed something genuinely problematic. It seemed normal to me and the agent was the one who said it would happen this way.

I would never have bought a house without an inspection. The inspection did reveal a bunch of small easily fixable things, but had we discovered a major fault with the foundations, we could walk away.

[/quote]

The misinformation on this board is astounding. "As-is" isn't a legal term. It wasn't a contractual term for you. There are no "understandings,"  just the legal terms in your contract. You either had an inspection contingency or you didn't. Your contract didn't state that you could void your contract only if the inspection revealed something genuinely problematic. That's very nebulous and would have been malpractice if your agent actually wrote that in your contract.[/quote]

Legality aside, there’s also the issue for the seller that an inspection could spook a buyer into breaking the contract and giving up the EMD (which would be hard to keep anyway). If I were a seller and had other offers without an inspection at all, the “as is inspection” offer would have to be significantly higher and have a large EMD for me to consider it equal to one without an inspection. [/quote]

The fact that sellers prefer no contingencies has already been discussed ad nauseum. And it's not "legality aside" - contingencies are contractual terms that provide the legal right to buyers to void the contract.[/quote]

I said legality aside because yes there are legal rights BUT an inspection gives a NOT legal, NOT written in the contract reason for a buyer to break contract. That’s the whole point. Allowing ANY inspection regardless of any legal protection could spook a buyer leaving a seller relisting. [/quote]

You couldn't be more wrong. The inspection contingency is the legal reason for the buyer to void the contract and it's written in the contract. Why do you come here just spewing random guesses and doubling down on it when you have no idea how this works?[/quote]

Well we had been talking about inspections done without a contingency, “information only.” Do those also come with a contingency? [/quote]

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