Buying SFR in Berkeley - Inspection Contingency?

[Justin Pan]

Hi all,

I found this website while searching online for some guidance on how to approach buying a SFR in Berkeley (to live in, not as an investment). The area I am looking in has bungalows built in the 1920s, which has led me to focus on the condition of the foundation as the biggest type of expense. It seems like the trend is to make offers waiving the inspection contingency or having a short inspection contingency period, which makes it almost impossible to get a good idea on what repairs are needed and how much it will cost before I'm committed to the deal. I'm looking for any advice on how to balance making a competitive offer vs. avoiding mistakes caused by not doing enough due diligence.

Thanks.

[Xin Jin]

It’s hard to make a offer competitive with inspection contingencies in Berkeley. Foundations are not that expensive to replace in the bigger scheme of things.If you really want to house, do you homework ahead of time, make an offer and they can live with, and go for it. By the way, I am an investor and resident in Berkeley. Good luck with your search, it’s a Good place to live despite his flaws.