6,393,404
All the time, it they want it and know what they are doing then a clean offer goes a long way.
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John Pusa
Glendale, CA
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
3,345,091
Never. Yet. However. I am looking at one right now. All cash. 14 day close. No contingencies. Fingers crossed.
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Paul S. Henderson, REA...
Tacoma, WA
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
3,587,960
Paul yes I did back in the crazy market of 05. I highly suggested he not do so but he did what he wanted to do. We had him sign off saying he was counseled not to do so and it was his decision.
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Paul S. Henderson, REA...
Tacoma, WA
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
117,135
kind of like buying a house at an auction... you are taking some risk in not having inspections etc, but if this got the client the house, that works.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
3,164,294
not since pre crash when it was the only way to get an offer accepted around here.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
5,216,398
Not a fan, but sometimes you get the riverboat gambler!
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
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Doug Dawes
Topsfield, MA
5,772,575
Paul,
I would wish her the best and keep my fingers crossed. A
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
2,178,603
It happens but always a bit scary when it does.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
3,071,489
Client? No.
Buyers for our listings. A couple of times.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
2,781,173
I did this once and was pleased at the outcome....
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
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Paul S. Henderson, REA...
Tacoma, WA
1,466,207
Paul S. Henderson, CRS, REALTOR®, She must have really wanted this house. I hope nothing comes back to bite her.
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Bob Crane
Stevens Point, WI
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Doug Dawes
Topsfield, MA
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Paul S. Henderson, REA...
Tacoma, WA
1,543,787
every addendum? no...
every contingency, yes.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
5,230,079
Yes - just went under Contract on one that it took just that to win the bidding war! We had lots of great Offers but, this no-contingency deal was over-the-top appealing to my sellers!
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John Pusa
Glendale, CA
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Bob Crane
Stevens Point, WI
400,356
The buyer of one of my listings offered cash and no contingencies except review of HOA docs. It was the first and only time a buyer waived home inspection.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
2,684,109
Cash buyers waive everything except Inspection.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
44,373
Sadly, that is the market right now. Hopefully all will work out for her.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
1,725,996
No, that sounds like a freight train heading for a destroyed section of track
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Debe Maxwell, CRS
Charlotte, NC
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Eve Alexander
Tampa, FL
4,160,812
Paul S. Henderson, CRS, REALTOR®, Some buyers are desperate to buy home.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
2,161,048
Just recently had one where buyer waived inspections but requested home warranty and the repair of a known defect.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
1,711,988
Yes, I have many times and always have them sign a waiver to cover myself. I just bought a house myself with no contingencies, including appraisal and inspection. I did get an inspection though.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
5,104,931
Pretty close to it... but generally when I've had someone do that they seem to know what they are doing.
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Paul S. Henderson, REA...
Tacoma, WA
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Bob Crane
Stevens Point, WI
1,844,301
It was against your council so you should feel good you did your best & advised against it.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
711,852
Yes we have - and we never recommend this. However, in a hot market with multiple offers, it may be the only way to get a home.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
5,583,278
no.... we don't like that.... make sure you put it in the p/s agreement that you recommended they have inspections but have waived their right to do so....
when they realize, after they own it, there is a serious issue, I assure you they will say you never recommended an inspection.... someone's going to pay for the repair!!! they go to the deepest pockets first...E&O insurance....
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Paul S. Henderson, REA...
Tacoma, WA
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Debe Maxwell, CRS
Charlotte, NC
7,836,134
I have sold hundreds of foreclosures without any addendums.
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
1,196,798
Yes, All cash, No contingencies, No inspections As Is Where Is with all faults.
Then it fell apart...lol
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
5,049,183
No, never. I would be very surprised but you hear of buyers doing this. Hope it goes well for her.
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
4,572,183
As a listing agent, I have had buyers waive all contingencies in order to be competitive. And more than once. The seller reports, disclosures and a pre-market inspection were reviewed and signed by the buyers.
When representing buyers, I have had situations in multiple offer situations and they had "lost" more than one property where they have removed the loan/appraisal contingency. They acknowledged and signed a advisory that they understood the downside of such an action.
Removing all contingencies is not necessarily an "automatic win" especially when more than one buyer participates with the same strategy.
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Bob Crane
Stevens Point, WI
3,626,530
There is only so much that one can do. Sounds like you did your best
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Bob Crane
Stevens Point, WI
4,319,419
Paul S. Henderson, CRS, REALTOR®, oh yes, that was couple of years ago...
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Bob Crane
Stevens Point, WI
4,936,677
I am seeing this more and more because of the low inventory.
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Bob Crane
Stevens Point, WI
544,014
3,988,007
I have had a buyer waive almost everything but it is on REO properties.
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Bob Crane
Stevens Point, WI
3,986,258
1,502,998
Yes. Addendums, inspections and even contingencies.
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Bob Crane
Stevens Point, WI
613,494
I just advised my clients to get out of a transaction. My attorney advised me to sent them a long e-mail putting my advice in writing because:
too many buyers have a moment of weakness with emotions running high. They do something stupid like waive all contingencies...
then they wake up with a problem and blame their agent.
Eve
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Debe Maxwell, CRS
Charlotte, NC
1,239,901
Last 13 years all successful clients waived all contingency except loan funding. Buyer knows homes will not appraise to the sold value.
Just submitted another offer asked 850K townhome in an old industrial San Jose, CA. Offered $960K cash 1600 sf , $325 HOA due, NO CONTINGENCY, 7 days closing. Must deposit 5% EMD at the time of making offer. Rejected by RF. Reason: $960K offer was too low.
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Bob Crane
Stevens Point, WI
1,712,676
353,865
I assume waiving an addendum is the same as waiving a contingnecy such as inspections... I've had my clients say they want to do this, but I explain why it's not in their interest. When repesenting a seller, I've seen buyers do it, and it makes me nervous. I'd rather have a buyer use all their inspecitons rights up front so we don't end up in court later on even if we do end up on the winning end...
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Debe Maxwell, CRS
Charlotte, NC
911,338
Yes, but they were familiar with all phases of construction and had remodeling plans for the house anyway.
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Bob Crane
Stevens Point, WI
921,504
Of course!
In your case, if financing was FHA, what was really waived?
Then of course if the negotiated price was 50K below value fast action and the assurance of closing matte a lot to a seller.
4,800,082
2,436,099
No I haven't. I would have them sign something that says they were counseled to get inspection/etc, but they refused.
4,434,127
1,622,432
1,525,616