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[quote=Anonymous][quote=Anonymous][quote=Anonymous]When you sign a contract that says "inspection for information purposes only"  that is what it means.  Either you didn't take the time to understand that when you signed, or you made a gamble that there would not be issues and lost.  You can always ask, but frankly, if I were the seller with that contract, I'd let you walk.[/quote]

I tend to agree.

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I agree, too.  The other issue is that this trend towards information-only inspections hurts other buyers.  I'm sure there were other buyers who weren't willing to take the gamble OP took and lost out on the bid.

I'm the PP earlier who wrote about being worried about water or termite damage.  I also stated that inspections usually don't even reveal all of the potential problems.  But that is why I would never put in a contract without an inspection contingency of some sort.  And yes, there were houses I lost because of that.  It's a gamble I'm not willing to take.

I think OP didn't think through the as-is part.  The questions like "has anyone been living there since 2011?" are questions that should've been asked before putting in an as-is bid.

In MD at least, termite problems are different.  I think even in as-is situations, termite problems have to be dealt with, but that is stated in the standard MD contract.  (at least that is how my last agent explained it).

If I were OP, I would walk.  But if I were OP, I wouldn't have put in a bid like that anyhow.  And at this point, I wonder if the seller can insist on claiming the security deposit if OP walks.  Because I thought that information-only inspections DON'T give the buyer an out even to walk if they find something bad, that's what the "information-only" part is.

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