In hot markets full of multiple offers buyers are often tempted to do anything to get a home. One thing they should not do is forgo the home inspection. The DiMora team are real estate experts in the Northville and Novi neighborhoods and we know that for buyers, waiving the option to have a professional inspection contingent on their offer to purchase a home can have major repercussions in the long run. Sellers tend to like these offers because it essentially means they are selling the home ‘as is’ and are not responsible for any thing that is not immediately visible. The buyer essentially loses the right to make any requests for additional repairs that aren’t agreed to at the time of signing the initial purchase contract. Check out below to see what sold in Northville Colony Estates in July 2015:
41651 Sunnydale Lane, Northville: 4 bedrooms, 2.1 bathrooms, 2,210 sq. feet, 2 car garage, Sold Price: $314,100
41784 Ladywood Drive, Northville: 3 bedrooms, 2 bathrooms, 1,915 sq. feet, 2 car garage, Sold Price: $329,900
16577 Weatherfield Drive, Northville: 4 bedrooms, 2.1 bathrooms, 2,240 sq. feet, 2 car garage, Sold Price: $345,000
16116 Applyby, Northville: 4 bedrooms, 2.1 bathrooms, 2,659 sq. feet, 2 car garage, Sold Price: $370,000
The bottom line is that waiving the inspection contingency is rarely worth the risk, particularly because it doesn’t guarantee a price discount in a strong market. A home inspection provides an extra level of security and helps you plan for the future in your new home. For more information on Northville Colony Estates, or similar Northville or Novi neighborhoods such as Abbey Knoll, Turtle Creek and Dunbarton Pines, contact The DiMora Team today at 248-505-7728 or firstname.lastname@example.org.