Rushing To Buy A Home During COVID

We all know a home is the biggest investment most people will make in their lifetime. This is probably not a big surprise to you but I think an inspection is a critical part of the process. While the vast majority of buyers DO opt for an inspection, recent articles like this one shows it’s not always the case

(and why that's a mistake).

The article, called “ These people rushed to buy homes during COVID. Now they regret it” shows multiple examples of buyers around the country buying a home without due diligence, including skipping the home inspection. It says low inventory is the biggest culprit leading to these bad decisions. Or, as the article says, “…inventory dropped as many homeowners hesitated to list their properties in the pandemic. The result is that much of the country saw a price spike and bidding wars, brokers said, leaving buyers with little to choose from. In these conditions, many are tempted to waive inspections or skip other due diligence they would normally perform before buying a home.”

As we know, waiving the inspection is a gamble and some of the buyers in the article found out the hard way unfortunately. I know sometimes buyers rush to buy a home they love before it’s off the market, but take it from me, they are taking a BIG chance. A chance that's simply not worth the risk. "You run into this lack of awareness and lack of time, which is not a good combination,” the article says. I agree.

Buckner Homes Realty always believes a home inspection should be done. You have the right to do any inspections you would like at your cost to make sure the house is in good condition.  Call your insurance company before you do your inspection because many insurance companies require certain inspections in order to get you insurance. 

 

Buckner Homes Realty is here to help you through the home buying process and has inspectors and insurance companies and lenders that will make it easy for you to buy a home.

 

Call 352-266-2637                             www.BucknerHomesRealty.com