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Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

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Housing inventory nationwide rises for the first time in years

Housing Wire

That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year. The home-inventory bump dovetails with other data indicating the nation’s housing market lost some steam this past month, according to a June housing-market report from Seattle-based Redfin. year-over-year decline.

Inventory 466
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Opinion: Riding the wave

Housing Wire

Serious buyers showed discernment as they know inventory is growing. These buyers understand that more inventory is coming to the market and that they will have options. They are also aware that they can negotiate on price and terms up front, as well as negotiate at inspection. With only 1.3

Inventory 378
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7 Tips: Negotiating Repairs After a Home Inspection

Raleigh Realty

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? One of those steps is the home inspection and with the home inspection, major issues can arise. A home inspection provides the buyer with a detailed report of the home’s structure, plumbing, electrical, foundation, roof, etc.

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How much cash matters in a bidding war

Housing Wire

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war. The result: a bottleneck with scores of would-be buyers in a low-inventory market.

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Top 10 ways to get homebuyers to work with you

Housing Wire

Find them the right home Inventory is scarce, and will likely stay that way for a while. There are other ways to find inventory rather than just using your MLS. There are other ways to find inventory rather than just using your MLS. With a changing market, home inspections are now becoming a secondary point of negotiation.

Clients 429
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Why Buyers Shouldn't Waive Inspection Contingencies

Eppraisal

The inventory of homes available is historically low. According to an article on keepingcurrentmatters.com, "A normal market's inventory sits at 6 months. Some are waiving appraisals and others are even offering to waive inspection contingencies. Some buyers like to have the roofs inspected by roofing companies.