{"id":17836,"date":"2020-09-23T12:04:53","date_gmt":"2020-09-23T12:04:53","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=17836"},"modified":"2020-09-23T12:04:53","modified_gmt":"2020-09-23T12:04:53","slug":"buyers-waive-inspections-to-avoid-delays","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/buyers-waive-inspections-to-avoid-delays\/","title":{"rendered":"Buyers Waive Inspections to Avoid Delays"},"content":{"rendered":"

Buyers Waive Inspections to Avoid Delays<\/h1>\n
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The hot housing market is prompting an increase in waived home inspections. But while in the past it has been an option for buyer concessions, it\u2019s now not always being done to make an offer more enticing in a bidding war.<\/p>\n

Home inspectors in some areas of the country are in such high demand that they are reportedly booked weeks in advance. Buyers may have a contract in place that gives them only seven days to get an inspection completed. The tight deadlines are prompting some buyers to waive the inspection\u2014a potentially costly mistake, real estate professionals warn.<\/p>\n

The issue of overbooked inspectors is a growing problem, realtor.com\u00ae notes in a recent article. From March through May, many states were not allowing home inspections to occur due to stay-at-home restrictions from the COVID-19 outbreak. While home inspections have mostly resumed since then, pent-up demand and hot housing markets have resulted in a backlog that’s slowing down real estate deals in some parts of the country, realtor.com\u00ae reports.<\/p>\n

Some home buyers in very active housing markets are also being tempted to waive the inspection in multiple offer situations to try to make their offer more appealing to a seller. In June, nearly 20% of successful offers submitted by Redfin real estate agents in large U.S. markets waived the inspection contingency, according to a report from the brokerage<\/a>.<\/p>\n

But a home inspection \u201cis a few hundred dollars for your peace of mind,\u201d Jean Rosalia, a residential and commercial real estate professional based in Virginia Beach, Va., told realtor.com\u00ae. \u201cAs opposed to maybe tens of thousands of dollars down the road for something that you could not detect on your own.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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\u201cShould I Waive a Home Inspection? Why Buyers Are Willing to Right Now<\/a>,\u201d realtor.com\u00ae (Sept. 18, 2020)<\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Buyers Waive Inspections to Avoid Delays The hot housing market is prompting an increase in waived home inspections. But while in the past it has been an option for buyer concessions, it\u2019s now not always being done to make an offer more enticing in a bidding war. Home inspectors in some areas of the country … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-17836","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nBuyers Waive Inspections to Avoid Delays - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/buyers-waive-inspections-to-avoid-delays\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buyers-waive-inspections-to-avoid-delays\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buyers-waive-inspections-to-avoid-delays\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Buyers Waive Inspections to Avoid Delays\",\"datePublished\":\"2020-09-23T12:04:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buyers-waive-inspections-to-avoid-delays\\\/\"},\"wordCount\":320,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buyers-waive-inspections-to-avoid-delays\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buyers-waive-inspections-to-avoid-delays\\\/\",\"name\":\"Buyers Waive Inspections to Avoid Delays - 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