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Updated over 5 years ago on . Most recent reply

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Help - To waive inspection or not?

Stevan Radojevic
Posted

Here is quick situation. MFH went on market. Few days later it was under contract. Buyer did inspection and then cancelled so property is back on market now. In the MLS, the inspector's report is attached showing details of the property. Roof is 25yo, mold removal in 1 unit, and needs 1 new AC along w/ a few other minor fixes.

Listing agent says they do NOT want inspection contingency and are offering me a lower price than what they are asking since it will cover new roof, etc. LA is saying that I may call the inspector that did the inspection, however, I still feel like I should do my own inspection. 

What are your thoughts? Should I lower price even more in leau of inspection contingency? 

Thanks!!

Most Popular Reply

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3,177
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Christopher Phillips
  • Real Estate Agent
  • Garden City, NY
1,999
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Christopher Phillips
  • Real Estate Agent
  • Garden City, NY
Replied

@Stevan Radojevic

Welcome to BP...

The inspection belongs to the person that paid for it. Two inspectors will write two different inspection reports. You should get your own unless you yourself are an engineer and understand building issues. 

The LA is telling you buy the car without looking under the hood and to trust his buddy that does the oil changes.

Never take the advice of a listing agent. Have your own agent, which the seller pays for anyway. The LA has a duty to their client, which is not you the buyer. They have zero duty to you and will likely give you bad advice, even if it's not with malicious intent. The LA often knows zero about building. They aren't engineers and can only relay to you what the seller is willing to divulge, which is usually the minimal amount of information.

If you want to submit an offer, it's your prerogative to submit an offer that suits you. The LA or the seller can't dictate what you submit.

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