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LCAR

Crazy Market Disclosure

James L. Goldsmith, Esquire; Mette, Evans & Woodside • July 12, 2022

Welcome to this unprecedented real estate market. The limited inventory of homes coupled with a great demand is causing fierce competition among buyers. So put on your armor and grab your sword.


On the battlefield there lays an array of homes that will include your likely objective -- some are dumps, some okay and perhaps there is a gem. Given the limited opportunity to sniff for clues, you will be in the inky cloak of darkness when it comes to making a choice.


The scroll I'm handing you (it's about six fee long when unfurled) is your offer. The terms, all but the property address, have been pre-printed. These terms exclude mortgage and inspection contingencies; the terms make clear that you are accepting "as is" what you see and don't see. It's sort of like the office holiday gift exchange except that your life's fortune is at stake. Hope you don't get a bad one!


Why the armor? Fending off other potential buyers is essential to acquiring a home in this market. Other techniques include feigning to be a home inspector and position going yourself by your prospective acquisition and loudly muttering about the horror loud enough to be heard by other prospective buyers. Use your imagination, think outside of the box. Best of luck.


DISCLAIMER (to be read at 100 miles per hour). The price you pay to acquire a home may be greater than its fair market value. Waiving inspection will result in your purchasing a property with defects that will cost a boatload to fix. Hair and teeth may fall out. Your real estate agent is not liable because he/she told you so; and it says so in the scroll.


Facts, opinions and information expressed in the Blog represent the work of the author and are believed to be accurate, but are not guaranteed. The Lancaster County Association of Realtors is not liable for any potential errors, omissions or outdated information. If errors are noted within a post, please notify the Association. Posts represent the author's opinion and are not necessarily the opinion of the Association.

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As real estate professionals, we know the value of connections, resources, and staying informed. Your Lancaster County Association of Realtors (LCAR) membership comes packed with benefits designed to help you grow your business, network with colleagues, and access valuable industry resources. But are you taking full advantage of what’s included?
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