Question

In a seller's market, where properties sell very quickly with multiple offers, a Salesperson usually discourage a buyer from having an inspection completed, so that their offer would have keen appeal to the seller for acceptance.

a) True
b) False

Answer 1

In a seller's market, a Salesperson may discourage a buyer from having an inspection to increase their offer's appeal to the seller, but there are risks involved for both parties.

Step-by-step explanation:

In a seller's market, where properties sell very quickly with multiple offers, a Salesperson may discourage a buyer from having an inspection completed to increase their offer's appeal to the seller. This is because in a competitive market, sellers often prioritize offers that are more likely to close quickly and hassle-free.However, it is important to note that discouraging a buyer from having an inspection can have risks for both parties involved. The buyer may end up purchasing a property with hidden defects, and the seller may face legal consequences if undisclosed issues arise after the transaction.Ultimately, whether to have an inspection or not should be a decision made by the buyer after considering their own risk tolerance and the importance of thoroughly evaluating the property.