{"id":59747,"date":"2022-03-08T22:03:23","date_gmt":"2022-03-08T22:03:23","guid":{"rendered":"https:\/\/insightinspections.com\/?page_id=59747"},"modified":"2022-03-11T21:01:35","modified_gmt":"2022-03-11T21:01:35","slug":"waiving-home-inspection","status":"publish","type":"page","link":"https:\/\/insightinspections.com\/waiving-home-inspection\/","title":{"rendered":"FOUR REASONS TO NOT WAIVE A HOME INSPECTION"},"content":{"rendered":"

Why You Shouldn\u2019t Waive a Home Inspection, Even if You\u2019re Waiving Inspection Contingencies<\/h2>\n

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Jackie Allder | March 11, 2022<\/p>\n

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People do crazy things to buy the home of their dreams in a hot market. They purchase properties sight unseen. They offer well (well) above asking price. They get caught up in FOMO (fear of missing out) and make quick decisions on huge purchases. In today\u2019s market with low inventory of properties for sale, waiving the home inspection contingency to strengthen a purchase offer has started to translate into bypassing the home inspection process altogether.<\/p>\n

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While a competitive market often requires quick thinking, advance planning and a potentially higher purchase price to win, it doesn\u2019t mean you should (or have to) give up insights into the home you\u2019re purchasing. Waiving a home inspection contingency doesn\u2019t prevent you from getting an inspection done \u2013 either during the sales process or after you\u2019ve purchased the home.<\/p>\n

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What\u2019s the harm in having working knowledge of the home you\u2019re about to purchase\u2014the investment that\u2019s often the single most expensive in most people\u2019s lives? Not much, but you could face plenty of risk in not knowing.<\/p>\n

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Four Reasons Not to Waive Your Home Inspection Altogether<\/strong><\/h2>\n

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Danger could be hiding in plain sight. <\/strong>From recalled electrical panels to faulty plumbing to structural issues, any number of systems or items in your house could be affected, posing potential danger to you, your family or your new home itself. With an inspection done, especially from a trusted and thorough company like Insight Home Inspections, you\u2019ll know if there are any defective or recalled systems or other potentially hidden issues in your new home.<\/p>\n

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The things you don\u2019t know about could cost you significantly when you go to sell your home.<\/strong> Patrick Bain, president of Insight, recalls the boom of 2007, when many buyers waived inspections to get their homes only to encounter issues a few years later when they went to sell.<\/p>\n

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\u201cThe market had turned, so buyers were getting home inspections again. Many inspectors found serious\u2014although hidden\u2014problems with properties that their owners didn\u2019t know about because they\u2019d never had a home inspection,\u201d Bain said. \u201cIt cost them with their sales prices, but had they known about the items, they could\u2019ve fixed them and saved\u2014or even made\u2014more money when they sold.\u201d<\/p>\n

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You\u2019re missing out on a \u201chomeowner\u2019s guide to your new home.\u201d <\/strong>Insight, which recently launched in the greater D.C. and Baltimore metro areas, goes beyond the normal home inspection process to deliver not just one, but two reports for homeowners and their agents\u2014their Inspection Insights report (what you\u2019d consider the traditional home inspection report) plus their Home Insights report, which is like an owner\u2019s manual for your new home.<\/p>\n

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\u201cHome Insights helps you learn about and maintain your home after you move in. Not sure how to turn off the outside water? Check your Home Insights report. Want to know what type of filters to use in your home? It\u2019s in Home Insights,\u201d said JB Haller, Insight\u2019s managing director. \u201cWe inventory all components and systems in the home and show you how to enhance your comfort, ensure your safety and maximize your investment. It\u2019s a truly invaluable resource for homeowners.\u201d<\/p>\n

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Your home warranty claim might not be covered<\/strong>, leaving your home and its systems (plus your wallet) unprotected. When you get a home warranty, coverage is dependent on all systems being in good working order. If an inspection was never done, it could create challenges with validating whether a system was in proper working order at the time of purchase and effectively void the coverage purchased in the home warranty.<\/p>\n

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Likewise, Realtors should consider the risks to their livelihoods when their clients waive the home inspection contingency and don\u2019t get a home inspection. Imagine what selling a home with significant issues could do to your business reputation and sales, let alone how it would affect your clients\u2014many of whom become friends during the process of buying their home.<\/p>\n

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If you are buying a home\u2014whether it\u2019s for your primary residence or an investment\u2014make sure to get a home inspection. Even if your purchase isn\u2019t contingent on the inspection, at least you\u2019ll know what you\u2019re getting into when making one of the biggest investments of your life.<\/p>\n

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About the author:<\/strong> A former journalist, Jackie Allder is a communications professional with nearly a decade of real estate expertise, exploring the world of home-buying, selling, owning and investing from the lens of a consumer.<\/p>\n

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Questions: info@insightinspections.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Why You Shouldn\u2019t Waive a Home Inspection, Even if You\u2019re Waiving Inspection Contingencies   Jackie Allder | March 11, 2022     People do crazy things to buy the home of their dreams in a hot market. They purchase properties sight unseen. They offer well (well) above asking price. They get caught up in FOMO […]<\/p>\n","protected":false},"author":13,"featured_media":62077,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-59747","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"FOUR REASONS TO NOT WAIVE A HOME INSPECTION - Insight Inspections<\/title>\n<meta name=\"description\" content=\"In today\u2019s market with low inventory of properties for sale, waiving the home inspection contingency to strengthen a purchase offer has started to translate into bypassing the home inspection process altogether.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insightinspections.com\/waiving-home-inspection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FOUR REASONS TO NOT WAIVE A HOME INSPECTION - 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