Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Friday, September 3, 2021
Home Inspections
Here's a dynamic I've observed in our local market over the past six months or so...
  1. Many new listings are receiving multiple offers within a few days of being on the market.
     
  2. When there are multiple offers on a house within the first few days there are often one or more offers without home inspection contingencies.
     
  3. Sellers prefer offers without home inspection contingencies.
     
  4. Most buyers who make offers with home inspection contingencies are not successful in securing contracts on houses in the situations described above.
So -- if you are buying a house and you would only want to buy with a home inspection contingency (which is very reasonable) then you might not find success in securing a contract on a new listing with multiple offers... but once a house has been on the market for a few days or a week or two it is very likely that a seller will consider an offer with your inspection contingency - especially if they do not have any other offers at the time they receive your offer.

So, reasonably cautious buyers who want do conduct a home inspection do not need to despair that they shall never be able to buy a home -- but it will likely mean that you will not be able to successfully pursue some new listings.