If you love the home, inspect before you make an offer or sign a contract. Here are some alternative solutions to satisfy your need to inspect, while remaining competitive.
Waiving an inspection can cost you a fortune. When you're in the thick of a bidding war or in your seventh month of searching for homes, you might not be able to see or think clearly. You will kick yourself when you go to turn the heat on and realize it doesn’t work - and the fix is $20,000. No matter how badly you want the property or how emotionally attached you are to it, you don't want to buy a home without having it thoroughly inspected. Just imagine six months down the road, when you’ve closed on the sale and moved into your new home. The home may look OK to the naked eye, but it's what’s beyond the surface, or items that you can’t identify as problematic, that cause the biggest issues.įor example, the typical buyer won’t be able to spot asbestos, nor will they see evidence of termite infestation or a leak inside the HVAC system. In addition to offering more than the asking price or a quick closing, some buyers agree to waive inspections. If you’re buying a home in a competitive market and your offers keep getting beat out, you may be tempted to resort to desperate measures.
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