Advising Investors in Current Market

[Brett Slusher]

Hey everyone, I've been a real estate agent in Northern Kentucky for about two months now. I am working with investors and we are finding great deals but our offers are losing to offers that are waiving inspections, agreeing to pay the difference if it under appraises and offering over asking sight unseen. Another note to add is that most of these offers are on properties that don't have completed property disclosure forms.

I understand that this market is "unlike any other" but I haven't been in the business long enough to compare this market to those in the past. My questions to the BP community are:

1. Has waving inspections and appraisal contingencies always been a popular strategy in winning offers or is this becoming more popular in the current market?

2. If yes, at what point do you agree with your client that waiving inspections to get the deal is a good idea? By that I mean what do you see in a property that makes it worth taking that risk?

3. Are you more cautious when purchasing a property that doesn't have disclosures?

Looking forward to your replies. Learning more and more everyday from the BP community.