2 ms·
The reason to wave inspection is not to save money, but because the seller will refuse to sell to you if you don't. My father in law was offering to pay $5-10k
by dagw 4y ago
The reason to wave inspection is not to save money, but because the seller will refuse to sell to you if you don't. My father in law was offering to pay $5-10k over the next highest bid on a house he wanted to buy, but didn't get it because it he refused to wave his right to inspection.
- falcolas 4y agoPersonally, the seller refusing to sell if you get an inspection is such a huge red flag I would never enter the contract. The house could be in a state where it should be condemned, and you wouldn't be able to tell.
- anotherman554 4y agoThere's no red flag. The seller doesn't demand anything. In a hot market they simply sell to the person who waived inspection. For example, a house goes up for sale, three people bid within three days of the listing. Two of them for $300,000 with inspection waived, one for $300,000 with inspection not waived. The bid with inspection not waived is never even considered. It would be irrational for the seller to take the risk associated with the weaker bid.
- falcolas 4y agoYes, that's still a red flag, at least to me. It's not my money though.