Waving The Home Inspection: For the past year or so, I’ve seen a disturbing trend, just like I did back in 2005 & 2006, the last time the home selling market was on fire. Home sales in the metro Boston area have been brisk and in many cases selling for more than the listing price. The adverse side of this is that inspection demand is down because real estate agents are advising buyers to waive the inspection so that their offer stands a better chance of being accepted. I hear this first hand from potential buyers who call me in a confused state. The sad part is that these are “buyers” agents giving out this advice. These agents claim they are working in the best interest of their home buying client by getting their buyer to waive the inspection because having an inspection will jeopardize the deal.
Well, those home buyers back in 2005 & 2006 overpaid for those houses and some of them who had to sell in 2009 & 2010, took a double beating. One, the market values crashed after their purchases in 2005 & 2006. Two, the potential buyers for their homes in 2009 & 2010 were having home inspections and finding issues further eroding the selling price.
I’m pretty sure history is repeating itself.
Professional Home Inspector Since 1983