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Should I waive inspection if house was inspected 3 years ago and good?

4 years ago

I am putting a bid on a very popular/move-in ready home. The seller disclosed their inspection from 2018 and everything came back good. I know if I waive the inspection contingency my offer will stand out, but is that too risky? How much can change in 3 years?

Comments (11)

  • 4 years ago

    Nope, get your own inspections.

  • 4 years ago

    Absolutely not.


  • 4 years ago
    last modified: 4 years ago

    I skip inspection contingencies somewhat regularly. There is a risk, but the risk is reasonable, especially given the recent inspection. Once I get the house under my control I would have an inspection and see about my options.

    I hate to sound like the ruthless developer here, but if my inspection finds a massive problem I would just back out if the deal anyway. What is the seller going to do, keep their house off the market for two years while they sue me? I would simply argue they reasonably should have known of the problem and didn't disclose it.

    On the other hand I doubt they are worried about the inspection contingency if they had one three years ago and so I doubt you are getting any major benefit by skipping it.

  • 4 years ago

    I would want to see the actual inspection. Then get your own inspection. Just because one was done it does not mean that the inspector found everything. Those three years could mean major problems have arisen.

  • 4 years ago

    Only you can answer that, I've waived inspections and not regretted it. If you want to stand out, make it clear you are not requesting an inspection. Years ago inspections weren't "necessary" as they are today, of course they are NOT necessary today.

  • PRO
    4 years ago

    You are rolling the dice. I would rather make it abundantly clear that you are not worried about sweating the small stuff in an inspection or requesting anything on the previous inspection report, but will be doing one to know what's needed before you move in, and just to make sure there's not something huge and unknown. That protects the buyer from a big expense, and the seller and both agents from a lawsuit. Both agents involved should want this inspection to take place. I'd question the ethics of one that was okay with no inspection taking place. That agent's disclosure paperwork you will be required to sign will say otherwise.

    I don't know what state you are in and what contingencies will remain in place for you after the inspection, but another way to achieve your goal of standing out is to shorten you inspection contingency time period to something you can manage quickly (I can do it in under a week, easily, and even a couple of days if I call an inspector in advance to hold the appointment). If you are having an inspection but simply waiving your contingency, make sure you get it done early and that you have other statutory disclosure contingencies in place that allow you to cancel without losing your deposit.

    There are many other ways to make your offer stand out among others that are more meaningful to the seller and will give you a bigger advantage. If this is the seller's hot button, I'd be worried as to why that is the case.

    I win a high percentage of multiple offers situations for my clients because I explore the hot buttons for the seller and listing agent. If you have a highly reputable agent, you are many levels above the other offers in that you have years of insight and experience on your side. I do agree with Jim Mat in that you should be getting the advice from your agent, not Reddit. None of us know the nuances of your real estate laws in your state or know the particulars of this house or situation.

  • 4 years ago

    How old is the house? That would be a factor I'd consider.



  • 4 years ago

    NOOOOOOOOOO

    A lot of serious stuff can go wrong in 3 years. Or there could have been minor issues that are major issues now.

    If you are in a hot market, discuss the possibility of a pre-inspection with your agent to see if you can get someone in there to look it before making the offer or else get their thoughts on a larger earnest money deposit and shortening the number of days you will take to do due diligence/have inspections. (I think my state’s standard is 12 days; my offer was to have it done in 5 days - we had inspectors lined up and ready to get in). If something comes up from those inspections, you still will be able to have any additional inspections/consult/estimates from the appropriate professionals before having to move forward.

  • PRO
    4 years ago

    Never. But, you could add a good faith bonus if sellers will wait for the inspection…add few thousand….but keep the bonus separate, don’t add it to your offer to purchase.

  • 4 years ago

    I've waived inspections before. Once when I planned to gut and renovate. Another time the seller had a pre-sale inspection completed. They displayed it for everyone to see. There were also two contingent offers from other buyers. While I didn't have access to that inspection, I knew one had been done. I only got the house because I was willing to pay cash and they still had to sell their own home to complete the sale.

    If you are experienced in real estate and pretty handy with a flashlight, I wouldn't have a problem. If you are a babe in the woods, get the inspection. I do as bry911 suggested. Put as small a deposit as possible down. Get it under contract. Inspect for your own comfort. Walk away if there is something huge. Otherwise, be prepared for something small.