HOW "AS IS" HOME BUYERS CAN PROTECT THEMSELVES.
Knowing the key reasons many home sellers elect to sell "as is," home buyers can benefit from such sales if they know how to protect themselves.
The best way for a buyer to protect against an unscrupulous seller who "forgot" to disclose a serious but known home defect is for the buyer to include a professional inspection contingency clause in the purchase offer.
Buyers of every house and condominium should include such an inspection clause making the purchase offer contingent on the buyer's approval of their professional home inspector's report. That means, after the home seller accepts the buyer's purchase offer, the buyer hires a professional inspector and then approves or disapproves their written report.
Home buyers should be wary of inspectors recommended by the real estate agent. Such an inspector might be known as "easy" and not a "deal killer." Ask such inspectors recommended by a realty agent about their experience, background and professional memberships.
An excellent credential is an experienced independent inspector who belongs to one of the professional home inspections organizations.
Out of this context came the Cornelius Earle Rumsey Indian Collection which later became the Riverside Municipal Museum now known as the Riverside Metropolitan Museum (RMM). The Museum opened in the basement of City Hall on December 12, 1924, when the widow of National Biscuit Company (NABISCO) magnate Cornelius Earle Rumsey donated his collection of Native American artifacts to the City of Riverside. An ordinance, amending the City Charter and establishing a Municipal Museum, was adopted by the City Council on August 27, 1925. The current mission statement found in the city ordinance states that, "All collections and exhibits of the Museum shall generally reflect but shall not necessarily be limited to the specific interpretations of the history, natural history and anthropology of the City and County of Riverside and the immediate environs of southern California." From 1924 on, the collections have grown, typically through donations by prominent citizens and organizations, contributing to RMM holdings in the disciplines of local history, natural history, and anthropology. From 1925-48, the RMM was located in the basement of the old City Hall building on Riverside’s Seventh Street (now Mission Inn Avenue).
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