Well what do you know? Bidding $150,000 below the asking price was a good idea! The seller accepted the bid without even countering. Had I listened to my agent’s advice, I’d be on the hook for an extra $100,000.
Lesson: If you feel your real estate agent isn’t correct in their negotiating advice, follow your own intuition.
So now that we’re officially under contract, I have five business days to complete any inspections I’d like to conduct. Since this seller refuses to sign a Seller’s Disclosure Statement, I’m going to be extra careful. If any inspection comes up less than roses, I may back out. I’m planning the following inspections:
- Structural inspection via Criterium-Pioli Engineers
- Sewer inspection via Hydro Physics, Inc.
- Geotech inspection, if it gets that far
In addition, I’ll be calling two groups of architects and builders out to the property to give me their initial thoughts.