DIYbanter - View Single Post

wrote:

just had an offer on my house which is acceptable for what we were
asking. the house is about 40 years old and we have always kept up with
it - ie: if there was a problem we fixed it right away. the potential
buyer did not request an inspection - whats up with this?
other offers - which we refused had a clause in the offer - subject to
inspection.

In addition to other comments regarding state requirements on seller for
disclosure, it isn't a foregone conclusion that you're totally
indemnified from recourse by buyer if a material defect were to be
discovered.

As Bruce Williams so often states, to go into any real estate
transaction w/o legal representation on your side is foolish...

And, btw, don't be too complacent that the offerer has approved
financing--it's quite possible when that step occurs his lender will
come back w/ the request for inspection....