{"id":874,"date":"2023-08-03T15:27:16","date_gmt":"2023-08-04T01:27:16","guid":{"rendered":"https:\/\/oahure.com\/oahu-real-estate\/?p=874"},"modified":"2023-08-03T15:27:16","modified_gmt":"2023-08-04T01:27:16","slug":"waive-the-home-inspection","status":"publish","type":"post","link":"https:\/\/oahure.com\/oahu-real-estate\/waive-the-home-inspection\/","title":{"rendered":"Waive the Home Inspection?"},"content":{"rendered":"\n
From last month\u2019s article,\u00a0Sue the Realtor?<\/a>, we continue the discussion on the Home Inspection Contingency.<\/h5>\n\n\n\n

BY OSCAR LIBED OF INSPECT HAWAII<\/p>\n\n\n\n

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Photo: courtesy of Inspect Hawaii<\/figcaption><\/figure>\n\n\n\n

Given a competitive market, did a significant amount of Buyers in Massachusetts waive the Home Inspection contingency as a tactic for their offer to be more favorable?<\/strong><\/p>\n\n\n\n

Yes. This led Massachusetts Legislators to file a Bill that seeks to remove the pressure that home buyers feel to waive the home inspection contingency in their offers.<\/p>\n\n\n\n

The residential real estate market was so competitive, many waived their right to a home inspection to make their offers more attractive to sellers.<\/p>\n\n\n\n

What is the specific Bill?<\/strong><\/p>\n\n\n\n

The State of Massachusetts has a Bill in the Legislature that would eliminate the waiving of the Home Inspection as an incentive for the Seller to accept the Offer.<\/p>\n\n\n\n

Senate Bill 197 and House Bill 245\u2014known as An Act Protecting Consumer Rights in Purchasing Safe and Habitable Homes\u2014would make Home Inspections a right in Massachusetts.<\/p>\n\n\n\n

What is the problem in Massachusetts?<\/strong><\/p>\n\n\n\n

More and more buyers have been coerced to waive the Home Inspection in recent years to compete in a hyper-competitive housing market. Home inspectors warn it is a dangerous gamble that can cause safety and financial risks down the road. The bill would essentially remove the home inspection contingency as a bargaining chip.<\/p>\n\n\n\n

\u201cIt would no longer be part of the negotiations of buying a home,\u201d said President of ASHI New England, James Malgeri. \u201cYou can\u2019t sweeten up your offer by waiving it.\u201d<\/p>\n\n\n\n

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<\/a>Photo: courtesy of Inspect Hawaii<\/p>\n\n\n\n

What are the benefits of this proposed law?<\/strong><\/p>\n\n\n\n