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HomeForumsBuying & Selling Real EstateGetting earnest money back after inspection
Thant H.'s profile image
Thant H.'s profile image
Thant H.
  • from Montgomeryville, Pennsylvania
  • Member since Aug 2, 2013
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Thant H.'s profile image
Thant H.'s profile image
Thant H.
  • from Montgomeryville, Pennsylvania
  • Member since Aug 2, 2013
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Thant H.
  • Montgomeryville, PA
2
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18
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Buying & Selling Real Estate

Getting earnest money back after inspection

Thant H.
  • Montgomeryville, PA
Posted Oct 1 2014, 16:02

Hello everyone,

I am making some offers on properties sight unseen on MLS (retail and REOs) and something came on may mind. Let's say: the seller accepts my offer and I do inspection on my own without an official inspector. How can, if I find some big issues, validate my response to the seller and get the earnest money back? Is a licensed inspector's report needed? I understand some REOs and HUD do not care about your inspection reply.

My concern is that I don't think it's economical to have all properties that accepted offers inspected by paying inspectors $400 each. Is there a way that can be done to save money?

 Thank you all in advance.

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