Anyone Ever waive inspection contingency?

[Greg Todrank]

I was in a multi offer situation on my most recent property. My realtor called with a suggestion that may move me ahead of the others — waive the inspection contingency.

Spoiler alert: I did and have it under contract.

Was it smart? Here is my logic…

1. It is an owner occupied duplex with an elderly couple living downstairs and their daughter living upstairs. It is well maintained.

2. The walkthrough was thorough.

3. I weighed the pros and cons of anything the inspection may have found. What could have been found that would get me to back out of the deal?

4. Roof is recently replaced.

5. They are moving to a single story house due to need, not because the property is trouble.

I understand waiving if you are going to BRRRR, but this is lipstick and rent (hopefully).

Thoughts?