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 Burt M. Polson's Real Estate Journal and is republished with permission. Find out how to syndicate your content with theBrokerList.