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Saturday, 18 May 2024

Waiving home inspections

Credit: Kris 6 News
Duration: 01:50s 0 shares 1 views

Waiving home inspections
Waiving home inspections
Don't waste your money

IF YOU ARE TRYING WITH US.IF YOU ARE TRYING TO BUY OR SELLA HOME, YOU KNOW HOW COMPETITIVETHE MARKET IS.

AS A RESULT,MANY BUYERS ARE TAKING HOMES "ASIS" ....WITH NO INSPECTIONS ORCONTINGENCIES.

THIS MORNING -CONSUMER REPORTER JOHN MATARESESHARES ONE COUPLE’S STORY AFTERDOING JUST THAT....SO YOU DON’TWASTE YOUR MONEY.{***PKG**}THE HOUSING MARKETIS SO HOT....DESPERATE BUYERS ARE NOWDROPPING CONTINGENCIES ANDINSPECTIONS TO GET A HOME.ONE COUPLE LEARNEDWHY THAT CAN BE A BAD IDEA.---------------SCOTT AND LORRI HILLRECENTLY FOUND THEIR DREAMHOME....BUT TO WIN THE HOUSE, THEYPURCHASED IT "AS IS...." ADECISION NOW COSTING THEM AFORTUNE.CHYRONLORRIE HILLHOME BUYER"THE RISK TO BUYING A HOMEWITHOUT DOING YOUR DUE DILIGENCEOF PROTECTING YOURSELF, IS YOUCOULD END UP LOSING THE HOME."THEY HAVE SPENTTENS OF THOUSANDS ON REPAIRS.... INCLUDING REBUILDING THISRIVER VIEW DECK."WE WERE OK WITH THAT BECAUSE WELOVED THIS HOUSE.

WHAT WEDIDN’T EXPECT WERE LEGAL FEES."OVER A HUNDREDTHOUSAND DOLLARS IN ATTORNEYFEES SO FAR... OVER A DECADESOLD PROPERTY LINE DISPUTE.REALTORS SAY BUYINGWITHOUT INSPECTIONS ORCONTINGENCIES IS ESPECIALLYRISKY WITH OLDER HOMES... WHEREYOU CAN FIND YOU ARE DEALINGWITH TERMITES, WATER DAMAGE, ORIN LAURI’S CASE... LONG RUNNINGPROPERTY DISPUTES."IF YOU DON’T DO AN INSPECTION,YOU CAN END UP WITH HUGE BILLSYOU WEREN’T EXPECTING."BUT REALTORS STEVE ANDDENISE TAYLOR TOLD ME MANYPEOPLE ARE DOING THAT INMULTIPLE OFFER SITUATIONS."ESPECIALLY DEALING WITHMULTIPLES, MOST PEOPLE AREWAIVING INSPECTIONS.

THEY A REWAIVING INSPECTIONS AND WAIVINGAPPRAISALS.SO DON’T LET THISHAPPEN TO YOU.=WORK WITH A LICENSED REALTOR.=HAVE A REAL ESTATE ATTORNEYLOOK OVER THE CONTRACT.=DO AN INSPECTION: IT MAY ALLOWYOU TO BACK OUT .=PURCHASE TITLE INSURANCE, INCASE SOMEONE ELSE TRIES TO CLAIMYOUR LAND."GET THAT TITLE INSURANCE, ITCOULD HELP YOU."LORRIE AND SCOTT SAYTHEY CAN’T EVEN SELL THEIR HOMENOW.... UNTIL THEIR LAND DISPUTEIS RESOLVED.AS ALWAYS, DON’T WAST

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