Home Inspection

(April 11, 2012) With the onslaught of REO and short sale properties, many agents have taken to using the FAR BAR as is contract for writing of offers. The AS IS contract basically allows the buyer to have sole discretion as to the acceptability of the home they are under contract to buy.

When the FAR BAR AS IS contract is used, is the buyer required to use a licensed home inspection?

You should consult your attorney for legal advice but the short answer is no. The contract mentioned does not require the buyer to use a licensed inspector. The contract does not require the buyer to use any inspector at all. The buyer has the right to determine if the home is acceptable during the inspection period.

If you are planning on purchasing a home and would like information about the process, please give me a call. 407-304-0255.