Would you waive a home inspection?

[Anonymous]

We are getting ready to put an offer on a house...should we waive the home inspection? Does that make us more attractive as buyers?

[Anonymous]

Do a preinspection and then you can waive it. Your agent should be able to get a great inspector there before making the offer.

[Anonymous]

Anonymous wrote:We are getting ready to put an offer on a house...should we waive the home inspection? Does that make us more attractive as buyers?

You can also consider writing something like this in the contract: "we won't bother you with small items, less than $XXX.". Bigger items can still be negotiated, while saving everybody time over the nit-picky things.

[Anonymous]

yes and also offer to pay in cash over appraisal if competing offers come in

[Anonymous]

Anonymous wrote:Do a preinspection and then you can waive it. Your agent should be able to get a great inspector there before making the offer.

This. We did, and now live in the home. Preinspection caught everything big.

[Anonymous]

I would not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We are getting ready to put an offer on a house...should we waive the home inspection? Does that make us more attractive as buyers?

You can also consider writing something like this in the contract: "we won't bother you with small items, less than $XXX.". Bigger items can still be negotiated, while saving everybody time over the nit-picky things.

House might already be offered as-is, though.

[Anonymous]

We did a preinspection and I think we would not have gotten the house without waiving the inspection, but YMMV.

[Anonymous]

Anonymous wrote:We did a preinspection and I think we would not have gotten the house without waiving the inspection, but YMMV.

Same here (now in the house). The offer we were competing with had waived the appraisal but kept the inspection. Ours was the more attractive offer. It really depends on 1) what the norm is for the area you're looking to buy in and 2) what you're comfortable with.

[Anonymous]

We had multiple offers on our house. One waived inspection but did not have a great financing package. We went with the offer with the best financing and went through the inspection. If the two had been more equal, we would have absoultely chosen the one that waived inspection.

[Anonymous]

Is the pre-inspection the same level of thoroughness as the inspection just that you do it before making an offer or is it just a cursory glance at things?

[Anonymous]

Anonymous wrote:Is the pre-inspection the same level of thoroughness as the inspection just that you do it before making an offer or is it just a cursory glance at things?

I don't think it was at the same level of thoroughness, but it was enough to give us comfort the systems were ok, the roof was ok etc. We had a later inspection that turned up a couple things and 10 years later I have only fixed one of them because they were fairly small/unimportant to us.

[Anonymous]

Anonymous wrote:We had multiple offers on our house. One waived inspection but did not have a great financing package. We went with the offer with the best financing and went through the inspection. If the two had been more equal, we would have absoultely chosen the one that waived inspection.

I think I would find myself paying closer attention to the finances of someone who agreed to waive inspection.

[Anonymous]

So between these two, which would be better: cash offer with home inspection and quick close OR financing without home inspection?

[Anonymous]

Anonymous wrote:

Anonymous wrote:We had multiple offers on our house. One waived inspection but did not have a great financing package. We went with the offer with the best financing and went through the inspection. If the two had been more equal, we would have absoultely chosen the one that waived inspection.

I think I would find myself paying closer attention to the finances of someone who agreed to waive inspection.

Why? It's just to gain an edge among buyers.