In recent years, due to extreme market competition, prospective buyers are often foregoing home inspection contingencies to make their offer stand out in order to get preferential treatment for acceptance. When this process does consummate in a purchase closing without a home inspection, it is common that the buyer might regret that decision if they identify major property defects after moving in. Those who discover costly defects could end up financially stressed as new homeowners who are living with buyer’s remorse after making a rushed home purchase in the frenzied market. In any market, you can protect yourself by discussing this issue in advance with any real estate professional you may have engaged to represent you in this process.
If you have any questions about this topic or any other real estate matter in North Carolina or South Carolina, don’t hesitate to contact one of our experienced real estate attorneys at Law Firm Carolinas. We’re here to provide knowledgeable guidance and help you navigate your real estate transactions with confidence.