Quote:
Originally Posted by 4444
if people are buying with no subjects (ignoring those who will tear down), doesn't that just scream danger?
As you rightly point out, it's all emotion, and given I look at everything from a financial point of view, I'd never buy when those around are buying with emotion, as everything detaches when emotion is involved!
Every house purchase and sale I have been through has been with inspections and certain subjects, you'd be crazy not to.
can you even get a mortgage without an inspection these days (surely the banks would have to, no?)?
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Nope. It's at the point you go to the bank and see what the max is that you can borrow and then go house hunting based on that number.
You walk in and make an offer.
No subject to financing BS for most properties being sold.
Then again, we put an offer down for a condo with a subject to financing. Signed the contract and gave them the deposit.
The next day, the developer's sales person called us to go to the office to pick up our cheque cause someone bought the unit cash down. And this was 8 years ago.