The Pros and Cons of Waiving Inspections

The Pros and Cons of Waiving Inspections

In early 2021, we are seeing a dramatic rise in buyers waiving home inspections to stay competitive. In Arlington and Somerville, this has become almost standard. But is it worth the risk?

The Pros

• Highest Probability of Winning: For a seller, an 'as-is' offer is incredibly attractive because it removes the risk of a deal falling through due to repair demands.

The Cons

• Financial Exposure: You could be inheriting a $20,000 foundation issue or a failing roof that you weren't prepared for.
• Peace of Mind: You lose the opportunity to truly understand the 'bones' of the building.

The Middle Ground

Consider an 'Information Only' Inspection. You still do the inspection, but you promise not to ask the seller for any money unless the repair cost exceeds a certain threshold (e.g., $10,000).