Buying a house without an inspection

[Anonymous]

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"

But you do need to be careful not to let that inspection happen until other contingencies have been met, lie HOA doc review

[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

But the sellers also have no obligation to let an inspector into their house either. So you can ask, but they can also very reasonable say no "do it after we close"

[Anonymous]

Anonymous wrote: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.

Just because you had a poor experience with an inspector doesnt mean that is always the case obviously. The inspector that I use stopped three of my clients from writing offers on properties last year alone because of potential structural issues. We would have never known that without an inspection.

[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"

But you do need to be careful not to let that inspection happen until other contingencies have been met, lie HOA doc review

Thats never gonna happen in this market unless the house has been sitting for a long time. Appraisal and financing will take longer than the time that is appropriate to ask for a home inspection contingency.

[Anonymous]

Anonymous wrote:

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

No shit.

The OP asked if you would buy a house without an inspection. -A, B, and C are all inspections.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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

No shit.

The OP asked if you would buy a house without an inspection. -A, B, and C are all inspections.

Well yeah, then everyone is saying no they wouldn’t and explaining how to have an inspection even in a market that doesn’t tolerate inspection contingencies.

[Anonymous]

Where we're looking - if you add an inspection clause you won't get the house. It makes me really uncomfortable. (Not in the DMV by the way - we moved away).

[Anonymous]

Anonymous wrote:Where we're looking - if you add an inspection clause you won't get the house. It makes me really uncomfortable. (Not in the DMV by the way - we moved away).

Same here. Not in DC either.

[Anonymous]

It’s the norm now in northern Virginia. Crazy but true.

[Anonymous]

Anonymous wrote:

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

But the sellers also have no obligation to let an inspector into their house either. So you can ask, but they can also very reasonable say no "do it after we close"

The standard contract usually allows the purchaser to request access to inspect the property, outside of an inspection contingency. While not having an inspection contingency means that you can't easily renegotiate based on the inspection, the reality is that 1) sellers frequently lie on disclosures and you don't have to move forward with a contract based on fraud and 2) sellers REALLY don't want you to hand them the inspection because then they will have disclose everything the inspection found to any future purchasers and 3) sellers cannot re-list a property while in litigation over a deposit.

I always inspect, but I have not had an inspection contingency in the last 25 years.

[Anonymous]

I don’t understand. Given the above, why would anyone allow an inspector in the house if there is no inspection contingency?

[Anonymous]

Anonymous wrote:I don’t understand. Given the above, why would anyone allow an inspector in the house if there is no inspection contingency?

To get more/ higher offers. If you allow preinspection you may dramatically increase the size of your pool, see: above posters unwilling to offer without inspection. You don't need to tell them the results (shielding them from having to report), but most able to make high/ cash offers want to know what they're getting.

[Anonymous]

We had four offers on the house we just sold and two of them did pre-offer inspections, one waived the inspection completely, and another wanted to do a full inspection.

[Anonymous]

did it with a condo

[Anonymous]

FIL did this and then we had to deal with multiple repairs to the house to get it ready to sell after he died. Idiot.