Absolute Assurance Home Inspection Services, LLC
Absolute Assurance Home Inspection Services, LLC
May 10, 2021
New Post: A Closer Look at the 2021 Housing Inventory Shortage - If you are in the market to buy or sell a house, you have probably heard about the housing inventory shortage that is happening across the country. As a home inspector in the central Maryland and South-Central Pennsylvania regions, I literally see hundreds of homes and it allows me to see the trends in the Real Estate markets here. Many of my recent clients have described extreme experiences with the purchase of their new homes, with quite a few Buyers and their Agents having to have gone to literally dozens and dozens of showings and submitting multiple offers before getting "lucky enough" to have their offer accepted. With fewer houses available, properties are certainly selling more quickly, but what exactly does that mean for buyers and sellers? Skipping the Home Inspection??? There are a lot of scenarios that are emerging from this inventory shortage. One of them is that home flaws that might emerge during a home inspection — which in the past might have been a big red flag to buyers — are now, in some cases, being accepted in as-is condition. Buyers seem to be willing to pay more for less, in other words. Although you might think that foregoing a home inspection is a clever idea to help you have a more enticing offer in this hyper-competitive home market, it is creating a very risky situation for Buyers and even for their Agents. Home purchases are, for most people, the biggest investment
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