In a competitive Queens real estate market, it’s not uncommon for sellers to receive multiple offers — sometimes even above asking price. To stand out, buyers are increasingly waiving contingencies, including the home inspection.
But is skipping a home inspection ever a good idea?
As a real estate attorney representing buyers throughout Queens, I can tell you: waiving the inspection may help you win the bidding war — but it can also open the door to serious legal and financial risks.
🏠 What Is a Home Inspection?
A home inspection is a professional assessment of the property’s condition, typically conducted after the offer is accepted but before the contract is signed in NYC.
It’s your chance to learn about:
- 🔧 Structural issues (foundation, roof, etc.)
- ⚡ Electrical, plumbing, HVAC systems
- 🐜 Pests, mold, or water damage
The inspection helps you decide whether to proceed, renegotiate, or walk away.
❌ What Happens When You Waive It?
Waiving an inspection means you’re buying the home “as-is.” You’re accepting the property in its current state — whether or not you know about defects.
If you discover issues later (like a cracked foundation or faulty wiring), it’s likely your responsibility, not the seller’s.
Translation: if you waived the inspection and the boiler dies two days after closing — it’s on you.
🔍 Alternative Strategy: Pre-Offer Inspection
In Queens, many smart buyers are now doing pre-contract inspections — before finalizing the terms of the contract. It gives you information without delaying the contract timeline, and it shows the seller you’re serious.
Ask your agent and attorney to help coordinate this quickly — often within 24–48 hours of a showing.
🧑⚖️ My Take as a Real Estate Attorney
Should you waive the inspection?
Here’s my honest advice:
- Single- and multi-family homes: Never skip it. Too many hidden costs. Unless you have the stomach to handle any repair issues which may come up.
- Co-ops and condos: Less risky, but still worth reviewing the building’s financials and recent repairs.
- Cash buyers with experience: Sometimes waive if you’re prepared to renovate.
- First-time buyers: Please don’t waive. The cost of a mistake can be enormous. Unless you really like this house and are willing to take the risk of major repairs, you should always do the inspection.
📍 Final Thoughts
Waiving a home inspection may help you win a bidding war, but it can also set you up for legal and financial disaster. Talk to your real estate attorney before making any decision — especially in a high-stakes Queens market.
📞 Need help reviewing a contract or deciding how to make a smart offer?
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