"In hot markets full of multiple offers buyers are often tempted to do anything to get a home. One thing they should not do is forgo the home inspection.
For buyers, waiving the option to have a professional inspection contingent on their offer to purchase a home can have major repercussions in the long run. Sellers tend to like these offers because it essentially means they are selling the home ‘as is’ and are not responsible for any thing that is not immediately visible.
Without a licensed inspector viewing the property, the buyer can only comment on the things that they see that are potentially wrong with the home. The buyer essentially loses the right to make any requests for additional repairs that aren’t agreed to at the time of signing the initial purchase contract."
http://www.realtor.com/advice/dont-be-tempted-to-waive-the-home-inspection-when-buying-a-home/
For buyers, waiving the option to have a professional inspection contingent on their offer to purchase a home can have major repercussions in the long run. Sellers tend to like these offers because it essentially means they are selling the home ‘as is’ and are not responsible for any thing that is not immediately visible.
Without a licensed inspector viewing the property, the buyer can only comment on the things that they see that are potentially wrong with the home. The buyer essentially loses the right to make any requests for additional repairs that aren’t agreed to at the time of signing the initial purchase contract."
http://www.realtor.com/advice/dont-be-tempted-to-waive-the-home-inspection-when-buying-a-home/
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