After 107 days of searching, we have lost out on two older villas in Mexico City to buyers offering fewer conditions. Our agent thinks a shorter inspection window could make our next offer more competitive, but waiving inspection entirely feels reckless at MX$14,670,000.
The homes looked decent on the surface, but age-related structural problems and possible insurance issues concern me. I also do not want inspection findings or immediate repairs to consume the emergency fund just as we face moving costs and the first mortgage payment. Delaying furniture is manageable; discovering a major defect after completion is not.
Would you choose a pre-offer inspection, a very short inspection period, or a contingency limited to structural and other serious defects? A brief answer is welcome, but please include the specific risk or finding that would determine your choice.
The homes looked decent on the surface, but age-related structural problems and possible insurance issues concern me. I also do not want inspection findings or immediate repairs to consume the emergency fund just as we face moving costs and the first mortgage payment. Delaying furniture is manageable; discovering a major defect after completion is not.
Would you choose a pre-offer inspection, a very short inspection period, or a contingency limited to structural and other serious defects? A brief answer is welcome, but please include the specific risk or finding that would determine your choice.