Capital Region Real Estate Market Trends

  These days many buyers are considering waiving inspections to win the bid for a home!  As a real estate professional... how would I advise my clients when it comes to home inspections? The inspection clause is a very important component of a real estate purchase contract in the U.S.  Even though regulations may vary from state to state, sellers would generally prefer offers with fewer contingencies.   Then should you waive the inspection contingency in its entirety to remain competitive?  The answer is: it depends… Knowing that waiving inspections can entail a significant risk to the buyer, you could still remain competitive without waiving the inspection contingency.  How??  Here’s a thought: You could “increase the threshold of the major defect.”  Instead of the standard $1500 major defect threshold as is the generally perceived case here in the Capital Region NY, you could increase the threshold to $2500 or $5000, etc... to give a little...