Source: Realtor —
The real estate market might be showing signs it’s cooling off, but 1 in 4 buyers is still choosing to waive a home inspection, according to the latest numbers from the National Association of Realtors®. It has become a common tactic lately. In most cases, buyers choose to waive a home inspection to make their offer more enticing—and the process more trouble-free—to sellers.
But is it really worth the risk to you to waive a home inspection?
A home inspection is conducted by a third party who has the training and certification to assess a home from the foundation to the eaves. This visual assessment is designed to flag flaws in the physical structure and mechanical systems of the home, including major appliances, heating and air conditioning, plumbing, and electrics. If you forgo this process altogether, you could be buying a money pit and setting yourself up for months (or years) of repairs.
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