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Updated 4 months ago,

User Stats

15
Posts
1
Votes
Josh Cocker
1
Votes |
15
Posts

Advice for Rookie RE: Seller waiving inspection

Josh Cocker
Posted

Hi All and thanks in advance for any feedback / guidance, I am new to the US market and thought home inspections were common place when buying so any feedback is appreciated.  Please see  background on deal below, as this will be my firdt purchase. Apologies for how long it is 😂

Background - I have put a back up offer which looks like it will be accepted when the current buyer doesn’t meet the negotiated timeline  to close on a deal which was 2 small single family’s 2bd / 1bth recently fully renovated being sold together on a parcel. I was excited when i first saw the properties and have been waiting in the wings ever since hoping it wouldn’t go through as I can’t find anything else quite like it and the aim is I will be living in 1 and house hacking. Pretty much all major components were newly installed / fitted and done to a tasteful standard (new metal roof, plumbing, electrical, kitchen, flooring, bathroom, doors, new hvac, decks, vinyl siding etc) and I have visited and walked through 3 times and even been under crawl space to inspect a repair that was previously noted on an inspection to the foundation after termite treatment which looked to be a good job. My real estate agent, who has a long prior career history in construction, seems to be happy with both the properties and has inspected them in detail and also been under the crawl space noting new plumbing, electrical and foundation sister-in-law beams too.

As mentioned it is looking very likely the current buyer will not meet the closing deadline at which point I am next in line and have got price agreed with the back up after a few phone calls today. The only thing causing a little apprehension as it’s new to me (I am from UK so this is my first US purchase) is that the sellers, a local investor group, has said they don’t want me to do an inspection and have already got a pre inspection from a few months ago, and have rectified any work. As the property has been off market 3 months waiting for the current buyer to complete the sellers want to sell quickly and accept my offer and get it closed. 

I feel like i am happy at that price but am questioning am I being naive not to get an inspection? Especially as it’s my first purchase and I don’t want to make any school boy mistakes.

let me know if the above sounds common and reasonable 

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