Recently I wrote an offer on a home that took quite a bit of work before making the offer. The seller, which happened to be a bank, required that all inspections be done before the offer was made. At first, I thought of what an inconvenience it was to have the property inspected early.
However, the inconvenience was due to paying for the inspection. Yes, I believe a professional inspection needs to be done during the due diligence or free look period. But more importantly, before going through the expense, look things over closely yourself.
I currently have a property under contract on one of my listings. This means that I represent the seller. I know that there are things that need to be done to get the property in good condition. I have asked the buyer's agent to have their buyer to look things over before the due diligence period begins. Why go through the expense of hiring an inspector when you know there is something, as a buyer, you cannot live with.
A buyer should not go blindly into an agreement by not inspecting the property themselves. Look things over. If it looks like something you can go with, place the offer and then hire an inspector during the due diligence period. If the inspector finds something you can't live with, ask for repairs.
But don't go into an offer blindly. It can be costly and also removes the property from the market
Tony Williams
REMAX Unlimited
Certified Distressed Property Expert
www.gahomeinfo.com
404-644-8584
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