In this state’s overheated housing market, prospective buyers desperately trying to become homeowners sometimes accept calculated risks to seal a deal.
Forgoing a home inspection represents one the most popular — and potentially costly — examples.
And sellers are more than happy to accommodate them.
Well, at least on paper, that negotiating tactic’s no longer an option.
A 2024 housing law passed by the Legislature to primarily boost housing starts also included language that changed the house buying dynamic.
As of Oct. 15, sellers can no longer consider the acceptance of an offer based on the buyer’s willingness to waive a house inspection.
Buyers aren’t required to conduct an inspection, but they can no longer inform sellers weighing an offer of their intention to waive a home inspe