In this fast-paced real estate market both commercial and residential properties are becoming sale pending days of being placed on the market. In this competitive market with multiple buyers and multiple offers a trend of buyers waiving their due diligence and inspection contingencies is becoming popular in order to be ahead of other buyers. But, it is not a good idea.
This post originally appeared on tBL member Burt Polson's blog Real Estate in the Napa Valley and is republished with permission. Find out how to syndicate your content with theBrokerList.