Loan officer’s advice frustrates buyers with a careful purchase strategy

Q: We are homebuyers in a dilemma. Because our offers keep losing out to other homebuyers, our buyer’s agent has lost interest. The buyer’s agent is used to presenting “contingent-free offers.” That’s not our style. We will not risk losing our earnest money deposit until we know we made a safe purchase. After all, it is the most significant investment of our life.

The loan officer called and explained why our buyer’s agent was “moving on.” The loan officer explained there is no need for contingencies. (No joke.) He balked about an inspection period for the physical condition contingency, adding, “The seller’s agents did their job.” We asked for clarification.

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