I'm trying to buy a house in PA. My realtor told me having an inspection contingeny drastically lowers my chance of getting a house because it's a sellers market atm, and houses sell within 2-3 days (this is true). And sellers typically pick buyers without an inspection/appraisal contingency. He suggested that I get a 1 year warranty on the house instead. Does this sound right? The houses in my price range are selling like hotcakes, which is up to 300k. Though it seems to be slowing down for higher price ranges. Should I follow his advice or get another realtor? He has 30 years experience and says this has been the case roughly the past 2 years.
He also suggests an escalation clause may be a good idea in my case/price range.
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source https://www.reddit.com/r/RealEstate/comments/pykxon/avoiding_an_inspectionappraisal_contingency/
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