Waiving the Home Inspection - Make Your Offer More Competitive

Waiving the home inspection is something that a home buyer can do that will ultimately make their offer a lot more competitive... It does however come with risks.

Know what you are doing when you waive the home inspection. Many times we will see people waive inspections for new or newer construction or even houses that have been recently renovated.

Another idea is to have an inspector view the property with you BEFORE you submit an offer on a property. It wouldn't be a full inspection, but they could walk through and look for major issues (foundation issues!). If they are not writing a report, many inspectors will do this for a discounted price.

You can still do a home inspection after an offer has gotten accepted. If you do a home inspection for informational purposes only and found something major and decided to walk away, then damages would be limited at the total amount of deposits that you have put down at that point in the transaction.

The risk can a lot of times be worth the reward on this one as this will make an offer a LOT more competitive!

https://www.boston2.com/blog/how-can-i-make-my-offer-more-competitive-the-buying-power-checklist/

Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty