There is a special place in Hell for homesellers who require buyers to waive inspections or contingencies. amirite?

I am currently in the market for a liveaboard sailboat and recently backed out of a deal because the survey (inspection) revealed major (expensive) problems that would take months to rectify. Meanwhile, a guy I know recently bought an older boat for $30k without an inspection. I was in the area over the weekend and looked at it - I wouldn't have paid $2k for it. Inspections are VERY important!

by ymorar 2 weeks ago

Who doesnt inspect a floating home? If theres a problem it sinks... with you onboard.

by furmanraynor 2 weeks ago

A lot of people are just really stupid

by Pristine-Unit 2 weeks ago

At the same time even with the $10k hidden issue, it could save you $50k+ in escalations vs "taking it down" early with a strong offer. That's what I did no issues yet.

by Anonymous 2 weeks ago

Worked with a shady selling realtor in colorado who 'contested' our inspection and the inspection of previous people under contract. Apparently if they do this you can't see the results? Should have been a red flag the realtor would not even work with the highest rated inspection company in the area. We noped out after the inspection.

by Xfritsch 2 weeks ago

Where do people share the information of an inspection? How can I get access to one?

by jeramyzulauf 2 weeks ago

Banks dont require it if you get a mortgage?

by Anonymous 2 weeks ago

If a seller requires that then just walk away. Simple enough solution.

by ymorar 2 weeks ago

In most major markets, this means not buying a home at all for the last 4 years. Still an option, but let's not pretend there isn't a serious downside to walking away.

by Anonymous 2 weeks ago

It's better to not buy than buy uninspected and have to sink scores of thousands into fixing.

by Anonymous 2 weeks ago

You pays your money and you takes your chances.

by ymorar 2 weeks ago

True.

by Anonymous 2 weeks ago

If I was in that position I would read everything I could get my hands on about inspecting houses, and spend time going over the house.

by ymorar 2 weeks ago

Some buyers go so far as to just bring an inspector to the initial showing. I'm fortunate to have the experience and knowledge to not need one.

by Anonymous 2 weeks ago

Sold my house and bought a house in a different town in fall of 2022, just as the craziness had peaked and was starting to decline. We didn't ask for it, but we received 10 offers and over half had already waived inspection. Just stupid crazy stuff people were doing to have the most attractive offer. On the buying side, I wanted an inspection but was lucky to be in a position to carry a couple months of 2 mortgages. This let us come in with no contingency, which is a big plus.

by Anonymous 2 weeks ago

It's easy to say don't buy from them but in some areas it's becoming a problem. Waiving inspections and contingencies pretty much guarantees the seller will deal with only the very wealthy, the very desperate, and corps will put in offers. Some people feel the only hope they have is offering asking with waived inspection. I personally know someone house hunting who's offering roughly 20k over asking and he's getting out bid by 50-70k. Took him 6 months of bidding to get a house because he refused to waive inspections.

by Effie96 2 weeks ago

Just don't buy from these people? Not that big of a deal.

by emeryblick 2 weeks ago

Easy to say, but not always easy in practice depending on the market you are in. I put in 50 offers on places when I was looking 5 years ago, lost all of them for 1 of 2 reasons. 1. Would not wave the inspection. 2. Was not an all cash offer.

by Anonymous 2 weeks ago

So short story even shorter: the sellers had better offers...

by BadStatus2988 2 weeks ago

Better? Not always. There were times when our offer was higher, but they refused to allow an inspection or took a lower, all cash, offer.

by Anonymous 2 weeks ago

Better. Your offer was not high enough to overcome the risk that you are a tire kicker or financing falling through. You stepped up to the plate and struck out, nothing more to it than that.

by BadStatus2988 2 weeks ago

If getting a thorough inspection on a $500k investment is called kicking the tires, instead of what it really is? Due diligence. Then ya, I guess so? We were patient and found exactly what we wanted, got the inspection, and everything went great. Not getting an inspection is foolish, and if I don't get chosen because of that, then I'll happily look elsewhere.

by Anonymous 2 weeks ago

....if they are doing that then you don't want the house because the only reason to do that is when something is wrong with it. You should look at it as them saving you the time of hiring a home inspector to find the problems yourself.

by Tayashields 2 weeks ago

If the buyer is just going to knock down the house, why go through that hassle?

by Anonymous 2 weeks ago

Wait wait wait how can a seller require a buyer to waive inspection?! Its one thing if a buyer willingly (and foolishly) decides to do so of their own volition, but for a seller to require such.... I would tjink that would be a straight up red flag, if not illegal...

by Anonymous 2 weeks ago

You mean contingent on inspection or contingent on mortgage approval? Because you're right on the first, but not on the second.

by Anonymous 2 weeks ago

Then don't buy

by Anonymous 2 weeks ago

That's legal? Who would buy a house under these circumstances, they KNOW the house won't make that inspections or they'd have nothing to hide.

by Anonymous 2 weeks ago

As long as there is infinite demand, they can do whatever they want. The trick is for the buyers to sue if they need to, anyway. That's all corporations understand. Lawsuits.

by Anonymous 2 weeks ago

You have no recourse to sue.

by Anonymous 2 weeks ago

Don't buy from them. What's the big deal?

by jadon01 2 weeks ago

Won't the lender require an inspection?

by Anonymous 2 weeks ago

I keep offering to sell my 200k house for 2 million cash without an inspection. But that's only to the ass hats who cold text me.

by Anonymous 2 weeks ago

If someone waives contingency, they are not selling on the regular market. Typically this is done when specifically selling to a business to speed up transfer of property. It is evidence the property in question is not intended for the single family home market, or at least not yet. It might be a flip, an investment property or intended to become a rental. But they are indicating from the outset that they do not intend to sell to you unless you make them a deal they cannot refuse. Needless to say, this is not to your advantage to do so.

by Anonymous 2 weeks ago

There's a lot of first time home buyers who don't know how to buy a house. They see themselves and people around them losing bids, and panic thinking they HAVE to make crazy concessions. I bought a house in 2022 in a competitive market. I not only got an inspection, but I also negotiated for 35,000 below asking and a home warranty. This was my fourth home purchase though. By now we know what to look for and what to ask. We also are 100% ok walking away from a deal if we aren't getting what we need. Even my realtor was telling me I wasn't going to get what I was asking for. Look who's laughing now, John.

by Standard_Common 2 weeks ago

It can be very helpful actually. It means they have something to hide and should not be trusted at all.

by Anonymous 2 weeks ago

Not at all. They just did you a huge favor. If the seller is requiring you to wave an inspection that means they're hiding something. Now you know not to buy the house and didn't have to spend a penny on an inspector.

by Anonymous 2 weeks ago