Agent wants to waive inspection contingency. Yay or Nay?

[Melonie Dickson]

Hi bp. Putting an offer in on a property that may be getting multiple offers. My agent wants to waive inspection contingency. This is my first time buying a property and going through these Steps. Is this common? Is there any benefit? 

[Rob Lee]

I would not waive an inspection contingency. What your agent should do is say "my buyer wants the home as is at the offered price, and won't haggle on seller subsidies pending the result of the inspection". That way you can still back out if the inspection shows massive costs to repairs, yet make the seller take your offer over others. That's typically been my strategy.