Today’s competitive market means more buyers are making subject-free offers; i.e. offers with no subjects for financing, inspections, etc. In effect, the home is sold ‘as is’ the moment the seller accepts their offer. This is inherently risky, but there are ways buyers can ensure they know what they’re buying and avoid problems at closing. First, if the seller if delaying the presentation of offers, there may be time for a building inspection before making the offer. The buyer can also preview the title search and the seller’s Property Disclosure Statement. Terms can be added allowing appraisers and insurers access to the property prior to closing. This is prudent, because even though a buyer is pre-approved and the home is currently insured, the lender might want an appraisal and the insurer may require an inspection. Your RE/MAX Oceanview Agents are familiar with subject-free offers. Call Us FIRST!
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