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Why Buyers Shouldn't Waive Inspection Contingencies

Eppraisal

This year the real estate industry is experiencing a market frenzy with a colossal amount of buyers looking for homes. According to an article on keepingcurrentmatters.com, "A normal market's inventory sits at 6 months. When a house comes on the market, buyers flock to it. Inspection contingencies are in place to protect buyers.

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Getting Smart About Home Inspections

Will Springer Realtor

A home inspection is like a test drive for real estate. It allows the buyer to “drive” in and around the property, checking for any issues, quirks or potential maintenance needs. Despite this advice, a significant group of buyers forgo the inspection. You wouldn’t do that, right? It’s a smart thing to do.

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Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser

McKissock

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., ” Do you believe you are acting as a home inspector when you complete a property inspection as part of an FHA assignment? Appraisers perform similar inspections, to one degree or another, in most appraisal assignments.

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How Today’s Market Impacts the Appraisals and Inspections Landscape

Genworth MI Blog

With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer. Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider.

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Is this housing market affordable for the average shopper?

Housing Wire

Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. Redfin also reported this month that seven in 10 buyers — 70.4% — faced bidding wars in May. If you’re an FHA or VA buyer, you don’t stand a chance. So, what does this mean for buyers? Bidding wars.

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An inside look at local housing markets across the country

Housing Wire

Aubuchon says buyers are making too many concessions. Buyers “are waiving inspections, an appraisal contingency, and the latest trend is to pay closing costs usually done by the seller.” Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. “It is like ten kids fighting over one ice cream cone.

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The Latest Technologies Home Inspectors Use for More Thorough Inspections

Eppraisal

While in the process of purchasing a home, you are going to want to have a home inspection performed. Contracts to purchase homes have clauses in them that allow buyers to have a professional inspection performed, typically within the first five to ten days of signing the contract. Ladders are convenient for heights.