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How and Why Buyers are Waiving the Home Inspection These Days

Is getting a house inspection necessary?

The ultimate answer is no. No law requires a buyer or seller to undertake an inspection when purchasing or selling a home. The inspection contingency is a standard part of most real estate purchase proposals, and if the house inspection fails, the buyer has the option of canceling the transaction and receiving their money back. In order to make their offers more appealing in the face of bidding wars for limited housing stock, a rising number of home buyers are avoiding home inspections.

Should We Waive the Home Inspection When Buying living well

How and Why Buyers are Waiving the Home Inspection These Days

Is getting a house inspection necessary? The ultimate answer is no. No law requires a buyer or seller to undertake an inspection when purchasing or selling a home. The inspection contingency is a standard part of most real estate purchase proposals, and if the house inspection fails, the buyer has the option of canceling the transaction and receiving their money back.

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