Dramatic legal issues that come with high costs for all can be avoided when buyers and sellers follow the traditional course of getting full traditional home inspections done before agreeing to close. For sellers, there is the potential to be sued if a buyer can prove that any statement on your seller’s disclosure was intentionally inaccurate. For buyers, there is the potential to get stuck with expensive repairs that drastically increase your actual housing budget. The truth is that it’s a real case of “sellers and buyers beware” out there in the market. However, unbridled optimism isn’t always the best strategy. This is causing some to see how far they can push a buyer’s willingness to “do what it takes” to get an offer accepted. Yes, sellers are enjoying unprecedented negotiation power at the moment. Should you ever consider waiving contingencies to close on a home? Don’t let the whirlwind market in Chester County, Philadelphia, Delaware County, Montgomery County, and Bucks County, Pennsylvania make you feel pressured to go against the standard practices that have been in place for decades to keep everyone protected.
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