Why we may be seeing big changes to buyer's inspection rights

The standard contract used in most residential real estate transactions in the Upstate may be about to see massive changes to the inspection/repairs language. The South Carolina Association of Realtors is discussing removing the "Repair Procedure" section from the contract, meaning that, unless they came up with another solution, contracts would either be very skewed towards a seller or a buyer, since Repair Procedure was intended to be the middle ground. If this happens, it will cause major tremors throughout local real estate, with massive ramifications to how offers are made and what repairs a seller may be liable for during a transaction. In this episode of Selling Greenville, we discuss some of that and what it could mean for the future of real estate dealings in Greenville. (You may also want to listen to Episode 26 in advance of listening to this one, to make sure you understand what the Repair Procedure is.)

As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.