While waiving the home inspection has been a tactic to possibly make an offer more attractive in a competitive bidding war, these days it’s often used simply to get the deal done.
Home inspectors are currently in high demand throughout the country; many are booked for weeks ahead. A buyer’s contract typically gives them only seven days to get an inspection completed and some are waiving the inspection in order to complete the deal.
Most states didn’t allow inspections from March through May due to shelter-in-place restrictions so the backlog and current busy housing market have slowed things considerably.
Experts warn that while waiving the inspection may speed things up, it can be very costly for the buyer in the long run if there are defects in the home.
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