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Q » What is an inspection contingency and when to waive it?

Matthew

29 Oct, 2025

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A » An inspection contingency allows buyers to have a property professionally inspected before finalizing a purchase, ensuring no major defects exist. Waiving this contingency might expedite the sale or make an offer more attractive in competitive markets, but it also means accepting the property "as-is." Buyers should only consider waiving it if they're confident in the property's condition or have conducted a thorough personal evaluation.

Michael

30 Oct, 2025

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All Other Answer

A »An inspection contingency allows buyers to back out if inspections reveal significant issues. Waive it to strengthen an offer, but be cautious, as it removes the ability to negotiate or exit based on inspection findings. Consider waiving it in competitive markets or when confident in the property's condition.

David

30 Oct, 2025

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