Special offer
Paul S. Henderson, REALTOR®, CRS, South Puget Sound Washington Agent/Broker! (Fathom Realty Washington LLC)

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Ambassador
6,393,404
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

All the time, it they want it and know what they are doing then a clean offer goes a long way.

Aug 11, 2017 10:05 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Never. Yet. However. I am looking at one right now. All cash. 14 day close. No contingencies.  Fingers crossed.

Aug 11, 2017 09:52 AM
Ambassador
3,587,960
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Paul yes I did back in the crazy market of 05. I highly suggested he not do so but he did what he wanted to do. We had him sign off saying he was counseled not to do so and it was his decision.

Aug 11, 2017 09:50 AM
Rainer
117,135
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

kind of like buying a house at an auction... you are taking some risk in not having inspections etc, but if this got the client the house, that works. 

Aug 11, 2017 07:43 AM
Ambassador
3,164,294
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

not since pre crash when it was the only way to get an offer accepted around here.

Aug 11, 2017 07:23 AM
Rainmaker
5,216,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not a fan, but sometimes you get the riverboat gambler!

Aug 11, 2017 07:20 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Paul,

I would wish her the best and keep my fingers crossed. A

Aug 11, 2017 07:04 AM
Ambassador
2,178,603
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

It happens but always a bit scary when it does.

Aug 11, 2017 06:54 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Client? No.

Buyers for our listings. A couple of times.

Aug 11, 2017 06:22 AM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I did this once and was pleased at the outcome....

Aug 11, 2017 06:16 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Paul S. Henderson, CRS, REALTOR®, She must have really wanted this house. I hope nothing comes back to bite her.

Aug 11, 2017 06:16 AM
Rainmaker
1,543,787
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

every addendum? no...

every contingency, yes.

Aug 11, 2017 09:03 PM
Ambassador
5,230,079
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Yes - just went under Contract on one that it took just that to win the bidding war! We had lots of great Offers but, this no-contingency deal was over-the-top appealing to my sellers!

Aug 11, 2017 06:43 PM
Rainmaker
400,356
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

The buyer of one of my listings offered cash and no contingencies except review of HOA docs.  It was the first and only time a buyer waived home inspection. 

Aug 11, 2017 06:37 PM
Ambassador
2,684,109
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Cash buyers waive everything except Inspection.

Aug 11, 2017 06:00 PM
Rainer
44,373
shirley cicero
Continental West Realty - Livermore, CO
Northern Colorado Mountain Homes and Vacant Land

Sadly, that is the market right now. Hopefully all will work out for her.

Aug 11, 2017 03:51 PM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

No, that sounds like a freight train heading for a destroyed section of track

Aug 11, 2017 02:47 PM
Rainmaker
4,160,812
John Pusa
Glendale, CA

Paul S. Henderson, CRS, REALTOR®, Some buyers are desperate to buy home.

Aug 11, 2017 01:57 PM
Ambassador
2,161,048
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Just recently had one where buyer waived inspections but requested home warranty and the repair of a known defect. 

Aug 11, 2017 01:20 PM
Rainmaker
1,711,988
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Yes, I have many times and always have them sign a waiver to cover myself. I just bought a house myself with no contingencies, including appraisal and inspection. I did get an inspection though.

Aug 11, 2017 01:13 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Pretty close to it... but generally when I've had someone do that they seem to know what they are doing.

Aug 11, 2017 12:00 PM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

It was against your council so you should feel good you did your best & advised against it.

Aug 11, 2017 11:42 AM
Rainmaker
711,852
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Yes we have - and we never recommend this. However, in a hot market with multiple offers, it may be the only way to get a home.

Aug 11, 2017 10:03 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no.... we don't like that.... make sure you put it in the p/s agreement that you recommended they have inspections but have waived their right to do so....

when they realize, after they own it, there is a serious issue, I assure you they will say you never recommended an inspection.... someone's going to pay for the repair!!!  they go to the deepest pockets first...E&O insurance....

Aug 11, 2017 08:26 AM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

I have sold hundreds of foreclosures without any addendums.

Aug 11, 2017 08:07 AM
Rainmaker
1,196,798
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Yes, All cash, No contingencies, No inspections As Is Where Is with all faults.

Then it fell apart...lol

Aug 11, 2017 07:47 AM
Ambassador
5,049,183
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

No, never. I would be very surprised but you hear of buyers doing this. Hope it goes well for her.

Aug 11, 2017 07:33 AM
Rainmaker
4,572,183
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

As a listing agent, I have had buyers waive all contingencies in order to be competitive.  And more than once.  The seller reports, disclosures and a pre-market inspection were reviewed and signed by the buyers.

When representing buyers, I have had situations in multiple offer situations and they had "lost" more than one property where they have removed the loan/appraisal contingency.  They acknowledged and signed a advisory that they understood the downside of such an action.  

Removing all contingencies is not necessarily an "automatic win" especially when more than one buyer participates with the same strategy.  

 

Aug 12, 2017 05:42 AM
Rainmaker
3,626,530
James Dray
Fathom Realty - Bentonville, AR

There is only so much that one can do.  Sounds like you did your best

Aug 12, 2017 03:35 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Paul S. Henderson, CRS, REALTOR®, oh yes, that was couple of years ago...

Aug 11, 2017 10:49 PM
Rainmaker
4,936,677
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I am seeing this more and more because of the low inventory.

Aug 11, 2017 09:42 PM
Rainmaker
544,014
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Investors who know what they're doing

Aug 11, 2017 09:34 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I have had a buyer waive almost everything but it is on REO properties.

Aug 11, 2017 06:56 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes and several have gotten burned

Aug 11, 2017 06:09 PM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes.  Addendums, inspections and even contingencies.

Aug 11, 2017 05:27 PM
Rainmaker
613,494
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

I just advised my clients to get out of a transaction.  My attorney advised me to sent them a long e-mail putting my advice in writing because:

too many buyers have a moment of weakness with emotions running high.  They do something stupid like waive all contingencies...

then they wake up with a problem and blame their agent.

Eve

Aug 11, 2017 03:55 PM
Rainmaker
1,239,901
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Last 13 years all successful clients waived all contingency except loan funding. Buyer knows homes will not appraise to the sold value.

Just submitted another offer asked 850K townhome in an old industrial San Jose, CA. Offered $960K cash 1600 sf , $325 HOA due, NO CONTINGENCY, 7 days closing. Must deposit 5% EMD at the time of making offer. Rejected by RF.  Reason: $960K offer was too low.  

Aug 11, 2017 11:38 AM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It's on my bucket list.

Aug 11, 2017 09:01 AM
Rainer
353,865
Jim Cheney
Saint Francis Property Santa Rosa, CA - Santa Rosa, CA
Rincon Valley Realtor 707.494.1055

I assume waiving an addendum is the same as waiving a contingnecy such as inspections...  I've had my clients say they want to do this, but I explain why it's not in their interest.  When repesenting a seller, I've seen buyers do it, and it makes me nervous. I'd rather have a buyer use all their inspecitons rights up front so we don't end up in court later on even if we do end up on the winning end...

Aug 11, 2017 08:56 AM
Rainmaker
911,338
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Yes, but they were familiar with all phases of construction and had remodeling plans for the house anyway.

Aug 11, 2017 08:08 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Of course!

In your case, if financing was FHA, what was really waived?

Then of course if the negotiated price was 50K below value fast action and the assurance of closing matte a lot to a seller.

Aug 12, 2017 08:16 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

No, not yet.

Aug 12, 2017 05:16 AM
Ambassador
2,436,099
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

No I haven't. I would have them sign something that says they were counseled to get inspection/etc, but they refused.

Aug 12, 2017 03:25 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Aug 12, 2017 03:09 AM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I"m not sure I understand: she waved all contingencies but appraisal? 

Aug 11, 2017 11:59 PM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Not in a long time and I wouldn't advise it.

Aug 11, 2017 07:07 PM