4 Questions to Ask Before You Waive a Home Inspection
The hot seller's market has caused many buyers to lose their cool when making competitive offers. Bidding wars are commonplace, and so are home inspection contingency waivers. According to Redfin, the percentage of homebuyers waiving the inspection nearly doubled during the pandemic, swelling from 7.3% to 13.2%.
Waiving a home inspection is a bold move that could pay off in terms of your offer standing out to sellers, but the risk can far outweigh the reward if you later discover the property has major issues. Real estate investing is inherently a risky business, but here are some questions to ponder before you take on this even greater risk.
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Source Fool.com
