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Should you waive your home inspection?

You found a property you love, and there's nothing that is going to make you walk away. You think the price is good, and the seller states that they're selling the property as-is.

Your primary concern, at this point, is saving money. You'll soon be a homeowner, and you want to make sure you have your bases covered. Should you opt for the home inspection, which could cost you several hundred dollars, or ignore it, since the sale is as-is?

That's a great question, but there is only one good answer. You should always have a home inspection. Even if you aren't going to ask for repairs, a home inspection lets you know about any damage or problems with the property.

While you think there is nothing you would see that would make you walk away, you're probably incorrect on that point unless the house is far below market value. Why? Gas leaks, problems with joists or the foundation and electrical issues are all costly, and potentially hazardous, for people moving into a home. The last thing you want is to walk inside and immediately have a house fire or explosion.

Waiving an inspection is possible, but it's a bad idea. In fact, the few hundred you spend on an inspection could save you thousands in the long term. Even if you choose to buy, it's a good place to start when you want to make your own repairs. Keep this in mind if you plan to move in the future, since an inspection could save you time, money and effort.

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