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> The inspector finds a hundred little problems with the house, and the buyer can back out of the sale for any little complaint. But that’s a very well known r
by chasd00 5y ago
> The inspector finds a hundred little problems with the house, and the buyer can back out of the sale for any little complaint.
But that’s a very well known risk. An agent will have a whole checklist of things to look at before putting a house on the market to minimize that risk. Also, buyers lose at least some money if they back out, there’s a nominal sum put up that you don’t get back if you decide to not buy once the process is started.
- cpwright 5y agoIn my NY suburb, you do the inspection before the contract is signed. No money has yet changed hands, and it can be a point of negotiation or just walking away.
- FireBeyond 5y agoThat gets expensive at $400-800 inspection fees for any house you want to put an offer on.