What Buyers & Sellers Need to Know About Information Only Inspections
By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
If you're buying or selling a home in New Castle County, you've probably heard the phrase "inspection for informational purposes only" thrown around during negotiations. It sounds straightforward enough, right? The buyer gets to inspect the home but promises not to nickel-and-dime you over every little issue.But here's the problem: this clause is one of the most misunderstood parts of Delaware real estate contracts – and that misunderstanding can cost both parties thousands of dollars or even blow up a deal entirely.What "Informational Inspection" Actually MeansAn inspection for informational purposes only (sometimes called an "info-only inspection") is a clause where the buyer agrees to: Complete a home inspection to learn about the property's condition NOT request repairs or price red...
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