Purchasing real estate is never an easy process. Between a shortage of homes and increased home prices, buyers are looking at various ways to make their offers more attractive.
If you want to purchase a home, an option you may consider is waiving the inspection. Unfortunately, this can cause more problems than benefits.
What’s revealed in an inspection
Walking through a home you are considering purchasing will give you a better idea of what you are purchasing. However, there’s a lot that you may not see, which is why you should commission a professional inspection.
During the inspection process, a professional inspector will review all types of potential issues. Some of the most expensive issues that may be found include:
- Issues with the foundation
- Insufficient insulation
- Landscaping issues, including sloping and grading
- Defects that include water intrusion
- HVAC problems
- Faulty electric wiring
- Repairs that aren’t up to code
The issues aren’t always able to be seen by the naked eye. This is especially the case if you only have a short amount of time to walk through the property. Even if an issue may not cause problems right away; it may result in more serious and expensive issues down the road.
Without an inspection, you may not only have to make expensive repairs out of your own pocket but also face health hazards.
Making your offer attractive without waiving the inspection
There are ways that you can make your offer more attractive without waiving the inspection. For example, you can allow the seller to remain in the home as a renter for a while, waive the contingencies or include other inducements to “sweeten” the deal. Knowing your options will help you find a way to make an appealing offer without waiving the inspection.
