waiving inspection

What Buyers Should Know Before Waiving a Home Inspection You know the saying “Don’t judge a book by its cover?” Well, when you skip a home inspection, a bad judgement call can end up costing you big money. In this hot real estate market, some buyers are skipping home inspections in an effort to compete with multiple-bid offers. While skipping, or waiving, the home inspection can make your offer more attractive to a seller, there are risks involved that you need to consider before choosing this option. After all, a home is a huge investment, and ensuring that your home is in good shape is a critical first step in the home buying process.  The Purpose of a Home Inspection Home inspections minimize risk for homebuyers and happen after a seller has accepted an offer from a buyer. The purpose of a home inspection is to inform the buyer of the home’s condition from every angle: electrical, structure, air conditioning, heating, plumbing, bathroom, kitchen, bedroom, living space, and laundry. The home inspection can take up to three hours, depending on the size of the home. Inspectors use a wide range of technology to observe every nook and cranny of the property, […]