As BTPM NPR reported in August , home inspections are being waived by prospective homebuyers at some of the highest rates. What are those in the industry seeing? And what legislative action are they pushing for to ensure safety of homes on the real estate market?
New York state law, like many states, has a degree of required information disclosure from sellers and allows homebuyers to get an inspection done on the house they’re interested in from a licensed professional. What it doesn’t do, is protect that homebuyer from having their offer turned down because they’ve asked for one.
“The problem is, if you don't have access to home inspection and you're relying on property condition disclosures, you don't have much protection," said Larry Ames, secretary and board director of the New Yo