The Big Decision: Pros vs Cons

Benefits of Waiving

  • Your offer wins in competitive markets
  • Close 1-2 weeks faster
  • Save $500-$1,200 inspection fee
  • Less stress, fewer complications
  • Sellers prefer no-inspection offers

Major Risks

  • Hidden problems cost big money
  • No legal recourse after purchase
  • Lose earnest money if backing out
  • Fire hazards from bad wiring
  • Water damage from leaky pipes

💰 Potential Repair Costs You Could Face

New Roof
$15,000 – $30,000
Foundation Repair
$10,000 – $40,000
AC System
$5,000 – $15,000
Rewiring House
$8,000 – $20,000
Plumbing Overhaul
$5,000 – $15,000
Reality Check: On a $300,000 house, you could lose $3,000 in earnest money if you try to back out after waiving inspection.

🤔 When Should You Skip vs Keep Inspection?

Consider Skipping If:

  • Market is super competitive
  • You did pre-inspection
  • You have lots of cash saved
  • House is new with warranty
  • You know about home repairs

Never Skip If:

  • First time home buyer
  • Limited money saved
  • House is over 20 years old
  • You see any problems
  • Already spending all your money

🔧 Smart Alternatives to Consider

Pre-Inspection

Hire inspector before making offer

Shorter Timeline

Ask for 3-5 days instead of 10

Big Issues Only

Only request repairs over $2,000

Information Only

Inspect but don’t ask for repairs

Credit Back

Ask for money off instead of repairs