Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Dear Barry, I've heard about a trend among buyers to waive a home inspection in a "hot" real estate market. Is this something a buyer has to do in order to get good deal and an accepted offer from a seller? –Edwina Dear Edwina, In a sellers' market, buyers sometimes agree to waive a home inspection, just to make the offer more attractive to the seller. But this is not a way to "get a good deal." It's a way to get a risky deal. Waiving the right to a home inspection makes as much sense as bidding at an auction while wearing a blindfold, the primary difference being that far more money is at risk when buying a home. Not only is there the certainty of buying unseen defects, there is the potential risk of undisclosed safety problems. Homes are simply too costly and too complex to be ...