Man o’ man do I have a pet peeve when I see a contract with “Home Inspection for Informational Purposes Only.” A wolf in sheep’s clothing?
What does “Info Only” mean? So if you find information about a $2,000 rotting deck… at least you have the information? Kinda “nice to know?”
A wise agent once said to me (I guess I could just cut out that part and others would think that I AM the “wise agent” but that doesn’t seem right), that if you really only want it for “information,” then great… do it AFTER closing.
There are too many loopholes in these contracts and I’ve been burned too many times with that clause. Why not just put in the contract your true intentions. Is if buyer worried about a home falling off the cliff, then put in the contract that you will waive the first $1,000 or $%,000 of issues.
Watch the video for more on this topic.
Agents, catch my weekly videos over on Inman News.
By Frank LL0SA- Broker FranklyRealty.com
(Ps. I’m still not too busy for you, so email me. I just cut down on the blogging to work on a house my wife bought. Also she is pregnant.)