Should I Waive A Home Inspection? Are you considering waiving a home inspection? By “waiving” for this article, I mean, not doing one all together. You may present your offer with an informational purposes only inspection, but for this specific instance, let’s discuss how many people are waiving an inspector entering the property and consulting at all.
Before you waive the right to perform one, I would ask myself the following…
Are you a licensed professional contractor?
Do you have the qualifications to walk through the home that you are about to spend your life savings on and identify potential hazards (safety, structural, environmental, etc)?
Do you know that the sellers disclosure will only have on it what the sellers believe to be true. Now remember, they are likely not contractors and likely have limited knowledge, if any, as to the condition of the systems which make up a home.
A home inspection is a crucial part of the home purchasing process. A home inspection contingency has been written into the standard real estate contract that has been in use for years. It allows for specific performances and time lines, to offer you an opportunity to gain an understanding of a home that you are going to own and be responsible for.
During a home inspection, many costly defects are discovered and documented, giving you as the buyer, the knowledge and education to make an informed decision on how to proceed. What is Covered: Click Here.
As a Certified Master Home Inspector business owner, with a 2nd Certified Master Home Inspector working full time along side of me, with thousands of home inspections performed, we at JLC home inspections are at the ready to prepare a detailed report on the home that you have worked so hard to purchase.
Speak to your trusted, experienced real estate professionals and discuss with them what you’re waiving away by trying to win that bidding war first, and understand what you will be responsible for afterwards, prior to signing off on the contract and your rights.
When you purchase a used car for example, do you look for cars with less than 2 owners? Do you allow an opportunity for a mechanic to review the car? Do you go for a certified pre owned that has undergone a lengthy inspection? Do you review car records for history? Or, do you just drive it off of the lot or out of the driveway without first knowing the maintenance history, accident history, warranty history, recall history, bake life, rotor condition, tire tread, battery life, original spark plugs on a 10 year car, age of the timing belt, miles on the transmission etc. A car, may cost $20,000 for example, a home in todays’ market may be 10 times that- at the very minimum!
So let me ask you, Should I Waive A Home Inspection?