In a hot seller’s market where there are always multiple offers on listings, buyers are scrambling to give their offer the edge in bidding wars. When you buy a home, there are many contingencies on the checklist, including inspections and financing. And while they can protect a buyer from unforeseen issues that may happen after the transaction closes, it may be worth waiving one or more of them.
How do you decide if it’s worth waiving a contingency? Have a lengthy and detailed discussion with your real estate broker to determine if this will make your offer more attractive to sellers, and if the risk is worth the possible reward.