Waiving a Home Inspection is a BAD IDEA!
In this competitive home market, the temptation to waive the home inspection contingency making your offer more attractive is a risky gamble.
The purpose of a home inspection is to have a licensed and trained professional uncover defects that could cost tens of thousands of dollars in unplanned repairs. Such defects could quickly turn the American Dream into a nightmare.
Things to consider before waiving a home inspection:
– Is waiving the home inspection really in the buyer’s and agent’s best interest?
– If your client skips the inspection contingency, do they have the cash reserve to take on major immediate repairs if discovered post-closing?
How can I strengthen my client’s offer without waiving my inspection?
– Add a clause that cosmetic repairs will be waived and only safety issues will be addressed including structural, electrical, health hazards, termite infestation, etc.
– Add a clause repair(s) not to exceed a specific dollar amount.
By adding the above clauses, you still have a strong offer and the seller feels confident you are serious, while also recognizing they will not be nickel and dimed in cosmetic or minor issue negotiations. In addition, the seller will recognize the buyer will not walk away due to ‘buyer’s remorse”.
You have now lowered your chances of a major issue popping up for you and your client right after you close which is a win for all sides.
This will build trust with your client and they will quickly realize in this crazy real-estate market you are truly looking out for their best interests. Building such trust serves agents well in the long term. Nothing is worse than an issue popping up post-closing and receiving a call from an upset client.
A home inspection is well worth the peace of mind and knowledge of the home condition – even in this competitive market. You cannot underestimate the value of a home inspection from Orgova Home Inspections of Lakeland, FL.
In addition to a residential inspection, we also offer specialty inspections like termite inspections, mold testing (coming soon), and much more.
To get a quote on our services or to simply ask us a question, contact Orgova Home Inspections today at (863) 866-7288.
At Orgova Home Inspections, we service buyers, sellers, and agents in and around Lakeland, Winter Haven, Lake Alfred, Auburndale, Lake Hamilton, Lake Wales, Haines City, Dundee, Davenport, Kissimmee, Groveland, Clermont, Plant City, Tampa, Winter Garden, Windemere, Champions Gate, Celebration, western Orlando, and many more Central Florida locations.
Read more from the Motley Fool before you waive your home inspection.
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