The Real Estate REplay
Host Wendy Gilch, and a rotating cast of expert co-hosts, break down the good, the bad, the unethical (and sometimes illegal) things other sellers and buyers experienced while buying or selling a home.
Learn what went right, what went wrong, what they would do differently and how to spot red flags before they become a problem.
The Real Estate REplay is powered by consumer advocate group, Selling Later.
www.sellinglater.com/resources
The Real Estate REplay
$80,000 in repairs and a missing agent after being told to waive the home inspection
A disabled Veteran reached out to us a few weeks to share their story and asking for help.
Their agent told them (on the phone) that they have to waive inspection and ask for nothing to win, essentially buying a home as is. This home was recently flipped by out of town developers, yet their agent still insisted they waive inspection and ask for nothing. The agent then had the buyers sign a waiver basically removing any responsibility from the agent for saying they need to do this. After closing, the buyers discovered over $80,000 in problems (on a $300,000 home) and are left with no one to help them.
Believe it or not, there are markets in the US in which waiving the home inspection is still a tactic buyers are using to get their offer accepted. But how can a buyer do this to protect themselves, and is it really worth waiving it at all?
MA Real Estate Agent, Patricks Brusil joins us to discuss waiving inspections, why buyers are doing it, the issues that arise from this strategy, and why buyers and sellers need to start pushing back on advice given by asking the simple question "why."
State laws and regulations may vary.
Have a story you would like to share with other sellers or buyers?
Hit us up here.
