Is it okay to ever waive the inspection?

[Simon Obas]

Hello everyone. Is it ever OK to waive the inspection? I put in an offer for a three family home, recently fully renovated inside and out. In speaking with the agent he mentioned I have a better chance of getting my offer excepted if I waive the inspection. What are your thoughts? 

[Edward Liu]

My suggestion is to get a better agent.   No good agent would suggest to waive inspection as way to improve your chances.   Agents have suggested to me to offer all cash, reduce inspection period, reduce closing time, increase deposit, increase $$, etc., but never waive inspection.  Not a single agent ever suggested it - I have dealt with at least 100+ agents over the years.

I don't trust anything seller tells - even if they say it is fully rehabbed.  Sometimes the seller doesn't even know the structure problems, until someone does inspection.   Waive inspection is a big NO for me.

Only scenarios okay to waive inspection is you are an inspector or you plan to tore down the building and do a rebuild.