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Updated 4 months ago on . Most recent reply

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Angel Peng
  • Albany, NY
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Not looking to waive inspection but...

Angel Peng
  • Albany, NY
Posted

I am losing on offers that are often inspection waived. I am not looking to waive the inspection but what other options can I present that people have used which makes the offer competitive. I've read there are pass/failed inspections that let you walk out of the deal but you don't get to ask the seller to make any changes or credits. I've also read there are options where you agree to pay the first $7000 of repairs and the seller cover the rest. Just wondering what others have tried that made you land the deal? Thanks for your help!

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Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
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Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
ModeratorReplied

@Angel Peng

How many offers have you lost out on due to inspection?

I would never waive an inspection unless it was a condo. On a single family even as someone who has been in construction for 25+ years it’s not something I would want tot take the risk on.

Other things to do is increase your offer but by doing so, is that the best investment? Just because others are jumping off a bridge doesn’t mean you have too

  • Chris Seveney
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7e investments
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