Thinking of Skipping a Home Inspection? Think Again
Seasoned realtors and home owners know a home inspection contingency can make or break a deal. Having one written into an offer can not only save buyers time, money, and frustration, but prevent them from purchasing a space that could literally be on the edge of collapse.
When buyers have an inspection contingency, they can negotiate or back out of their offer if the inspector finds something really wrong with the property, as long as the inspection is done within the timeframe specified in the offer. But with a market as competitive as today’s is, many buyers are going to extreme lengths to secure the home of their dreams, including waiving an inspection contingency and signing up to buy a house without knowing what lies beneath. If you do this, any repairs needed, from a broken dishwasher to new plumbing, are totally on you.