Waiving the inspection can make your offer stronger. It also means you take on any hidden problems and their repair costs.
Why it matters in Virginia
Virginia’s owner disclosure statement says the owner makes no representations or warranties about the condition of the property. It tells buyers to do their own due diligence under the contract. Your inspection is usually your main protection.
The main risks
- Hidden defects in the roof, foundation, plumbing, wiring or heating and cooling.
- Water, mold or termite damage you cannot see.
- Repair bills after closing that you cannot ask the seller to cover.
- Less leverage to negotiate price or repairs.
Ways to lower the risk
- Inspect before you write the offer, then decide what to waive. See pre-home inspection.
- Keep a short inspection period instead of waiving it.
- Hire specialists for big items such as the roof or sewer line.
- Keep cash set aside for repairs.
Know what you are giving up
Waiving usually means you cannot use the inspection to terminate and keep your deposit. See how the inspection contingency works and earnest money at risk.
Part of our guide to making an offer in Virginia.
Talk to Glenn and Gift before you sign
Questions about your offer or contract? Call 703-707-0334 or send us your question.
General information for Northern Virginia buyers, not legal advice. Your contract controls, so read it and ask before you act.
