Home inspections are included in real estate contracts, with a few exceptions. New buyers make an offer with an inspection contingency to request a solution if the house requires repairs. The inspection clause can be waived when you are in a competitive real estate market. You can sell your house as-is if you want to skip home inspections. It helps you save time, and you can sell your house quickly.
Buyers Can Waive the Home Inspection Clause
In 2022, the lack of housing inventory in the GTA forced buyers to skip home inspections. Buyers had to search for months before locating a property. Even then, they were competing with a dozen other buyers. To beat the high competition, buyers often submit unconditional offers without including contingencies like inspection, financing, or appraisal. In such a competitive market, you can easily sell your house as-is without inspection. There are also other options available if you want to sell without an inspection but are in a buyer’s market.
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I Want to Sell My Home As-Is with No Inspection
It’s not uncommon for the home inspector to report flaws in your house. Even when everything is fine, you can expect to make minor repairs, such as replacing leaky faucets. Most buyers negotiate a lower price based on the inspection results. When an inspection fails, you are left with two options. You can either offer a discount or hire a contractor to make those repairs.
In certain situations, you might not want to do that. Consider the following scenarios:
- You own an abandoned home that has not been maintained for years. You don’t know the exact condition of the property, but it doesn’t look good. You don’t want to conduct a home inspection only to have the deal fall through at the last moment. You would prefer to receive unconditional offers for your property without an inspection contingency.
- You live out-of-province, and your home was damaged because of natural disasters. The problem is obvious. Hiring a home inspector won’t make the problem go away. You want to sell your home without any further inspection.
- You want to sell your home off-market and would like to receive unconditional cash offers. You prefer to make a direct deal privately without involving realtors, appraisers, or home inspectors.
How Can I Sell My House Without Inspection?
You can sell your house as-is. An “as-is” advertisement signals to potential buyers that you won’t be making repairs or adjustments to the house based on inspections. Doing so can limit the number of interested buyers, as some may hesitate to purchase without the security of an inspection.
You are legally required to disclose the state of your house. Inform the buyer of any known material defects (a leaky roof or foundation issues). Failure to do so can result in legal consequences, even if you are selling as-is. Therefore, if you want to sell your house as-is without inspections, you still need to provide proper disclosures.
How to Sell Your House Without Inspection?
Most people will assume the worst-case scenario when they hear about a house purchase without any inspection. But here is the catch:
You can avoid an inspection completely by not giving the buyer any reason to inspect the house. If your home is in perfect condition and looks good, why will the buyer spend $300–$500 on inspections? Consider marketing your home differently, for example:
“I inherited a beautiful home with beautiful memories but I can’t live in that house. I am selling my inherited property without inspection in as-is condition. The structure is solid, and there is no issue with the foundation, roof, HVAC, or basement. Yes, you will need to make minor updates and you can customize the house as you like, but I am selling as-is without inspections. I will greatly appreciate your interest in my property.”
Next, you can allow the buyer to visually inspect the house at the first showing. You don’t have to restrict physical inspections, but you don’t want to put an inspection contingency in the contract that will delay the sale.
Sell Your House As-Is Without Inspection: Pros
Homeowners choose not to offer inspections for one of two reasons: you want to move forward without spending weeks on inspections (and therefore repairs). Or you don’t want to deal with negotiations. You want to be done with the sale. In that scenario, selling your home without inspection speeds up the process, and you don’t have to negotiate back and forth.
- Sell Immediately: Expect to save a couple of weeks when you request to sell your home without inspection. It’s a road less traveled, as many people expect to inspect the house. Once you find the right buyer, you will enjoy a quick and certain sale.
- Avoid Expensive Repairs: Repairs don’t just consume time—they also cost money. Hiring contractors, pulling permits, and then conducting another inspection can be costly. You will need to skip inspections if you don’t have a lot of cash right now to tackle unexpected repairs.
- Limit Negotiations: It’s not always the case, but many buyers use “inspection” as an excuse to request a lower price for your property. You can limit negotiations when you exclude an inspection contingency.
Sell Your Home Without Inspection: Cons
Like anything in life, selling as-is comes with a few drawbacks:
- Limited buyer pool: Fewer people will be interested in buying your property. Buying a house is a massive investment and many people are unwilling to take a risk, even if you offer a discounted price.
- Long sale: Waiving inspection contingency can lead to a quick closing, but it can also delay the sale. It might take several weeks before you hear from interested buyers. If you don’t like waiting, you can take the matter into your own hands by reaching out to a cash buyer.
Work with a Cash Buyer in Winnipeg, MB
You can work with a real estate investor to skip inspections, delays, and the hassles associated with a traditional sale. Many real estate investors will conduct an onsite evaluation or a physical evaluation as they visit your house. And that’s it.
We at Home Buyer Connection buy houses in all conditions. Our team will do an inspection when we first tour your property. We take note of all the features and then propose a fair cash price offer. We don’t engage in back-and-forth negotiations.
We are real estate experts operating in Winnipeg, MB. An as-is sale without inspection appeals to us because we are not afraid of finding hidden problems. Your house can have structural issues and we will repair them later. Your house could have title issues and we will still purchase it. As an investment company, we give you the freedom to sell your home in any condition or price range. Reach out to us when you want to sell your house fast without inspection. We will buy your home as-is for a fair cash price.
