Buying a house without an inspection

[Anonymous]

Inspections only tell a superficial story which high demand house sellers don't entertain. Real issues never show up in inspections. We paid top dollars for an experienced inspector and his sidekick who did termite inspections. That house ended up with more issues than the house where we waived the inspection.

[Anonymous]

*I mean more issues over the years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes, we have put a contract on two houses without inspection contingencies. We inspections before we closed for piece of mind. One house was a new build, other was 20 years old - both hot markets.

If they made offers without inspection contingencies, how were they able to do inspections before closing?

We asked if we could walk thru we an inspector.

[Anonymous]

Yes, but I have built and renovated a number of homes and am 5x more comprehensive than home inspections which in a lot of areas are glancing blows rather than thorough, knowledgeable assessments

[Anonymous]

Yes, but I have built and renovated a number of homes and am 5x more comprehensive than home inspections which in a lot of areas are glancing blows rather than thorough, knowledgeable assessments

[Anonymous]

Inspections are worthless. The inspector marked the ‘hot’ and’ ‘cold’ lines to the washer. He missed many substantive issues e.g., soffit plates, etc.

[Anonymous]

It doesn’t mean you can’t do an inspection, it just means you can’t use the results to walk away from the obligation to buy the house.

So then how does that create peace of mind

[Anonymous]

Anonymous wrote:

It doesn’t mean you can’t do an inspection, it just means you can’t use the results to walk away from the obligation to buy the house.

So then how does that create peace of mind

The house isn't sold until it closes. The buyer can still walk away, they just lose their earnest money. You can't force someone to buy a house. That is why most sellers would not allow that. Do the inspection before you make an offer on a hot market. If the seller doesn't allow that, you should probably run.

[Anonymous]

Anonymous wrote:

It doesn’t mean you can’t do an inspection, it just means you can’t use the results to walk away from the obligation to buy the house.

So then how does that create peace of mind
If the house has too many issues you don’t bid. If it does, you know about them but you can’t ask the seller to fix them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, we have put a contract on two houses without inspection contingencies. We inspections before we closed for piece of mind. One house was a new build, other was 20 years old - both hot markets.

If they made offers without inspection contingencies, how were they able to do inspections before closing?

You write in the contract "buyer to conduct inspection for informational purposes only"

I dont know who would allow that. No contingency, no inspection. Thats when you do a preinspection.

I've purchased this way. It meant we could inspect but not re-negotiate.

[Anonymous]

I used to think an inspection was sacred. I’ve never bought a house without one. The most recent purchase, I even leveraged the inspection to get significant price concessions.

That said, I’m totally comfortable not getting an inspection now and would be open to waiving an inspection contingency in future purchases. There’s really nothing they can find that’s both substantive and not fairly obvious. They’re very subjective too and have inconsistent subject matter expertise.

[Anonymous]

No way

[Anonymous]

Anonymous wrote:Inspections are worthless. The inspector marked the ‘hot’ and’ ‘cold’ lines to the washer. He missed many substantive issues e.g., soffit plates, etc.

Just because you had a bad inspector doesn't mean OP will. We just bought our first house and almost ended up with a house that we would probably have had to gut and replace all of the wiring and some of the pipes but not for our inspection contingency. You would never have known just touring the house. Our realtor told us to run not walk. Get the inspection.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, we have put a contract on two houses without inspection contingencies. We inspections before we closed for piece of mind. One house was a new build, other was 20 years old - both hot markets.

If they made offers without inspection contingencies, how were they able to do inspections before closing?

You write in the contract "buyer to conduct inspection for informational purposes only"

I dont know who would allow that. No contingency, no inspection. Thats when you do a preinspection.

I've purchased this way. It meant we could inspect but not re-negotiate.

Then you DID have any inspection contingency with the ability to void but not negotiate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, we have put a contract on two houses without inspection contingencies. We inspections before we closed for piece of mind. One house was a new build, other was 20 years old - both hot markets.

If they made offers without inspection contingencies, how were they able to do inspections before closing?

You write in the contract "buyer to conduct inspection for informational purposes only"

I dont know who would allow that. No contingency, no inspection. Thats when you do a preinspection.

I've purchased this way. It meant we could inspect but not re-negotiate.

Then you DID have any inspection contingency with the ability to void but not negotiate.

Not PP but no, there are three different levels, not two.
A: Inspection contingency with right to negotiate or walk
B: Inspection contingency with right to walk but not to negotiate
C: No inspection contingency with inspection performed prior to making the offer