Paul S.  Henderson, CRS, REALTOR®,, Tacoma Washington Agent/Broker & Market Authority! (RE/MAX Professionals.)

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Rainmaker
160,694
Ronald Gombach
The Gombach Group - Morrisville, PA

Despite many opinions to the contrary, some buyers can be and are their own best advocates and counsel. 

Aug 11, 2017 06:30 AM
Ambassador
2,860,210
Bob Crane
Woodland Management Service - 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
Rainmaker
2,330,038
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

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
2,445,520
Anna Banana Kruchten, CRS
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana of Real Estate!

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
Rainmaker
34,853
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
2,563,545
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
2,169,563
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

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

Aug 11, 2017 07:20 AM
Rainmaker
3,181,267
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Paul,

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

Aug 11, 2017 07:04 AM
Rainmaker
657,430
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

It happens but always a bit scary when it does.

Aug 11, 2017 06:54 AM
Rainmaker
2,332,887
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Client? No.

Buyers for our listings. A couple of times.

Aug 11, 2017 06:22 AM
Rainmaker
2,126,821
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
1,232,070
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
623,921
Thomas J. Nelson, Realtor,CRS,e-Pro
Big Block Realty 858.232.8722 - La Jolla, CA
Co-Host of Mail-Right's: Real Estate Agent Podcast

every addendum? no...

every contingency, yes.

Aug 11, 2017 09:03 PM
Ambassador
1,984,682
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

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
261,737
Jill Murty, Realtor - Orange County, CA
PREA Realty - 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
1,728,644
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Cash buyers waive everything except Inspection.

Aug 11, 2017 06:00 PM
Rainer
33,260
shirley cicero
United Country Ponderosa Realty Associates - 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
1,294,961
Sandy Padula and Norm Padula, JD, GRI NMLS#1483386
Realty One Group - Carlsbad, 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
2,097,047
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

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

Aug 11, 2017 01:57 PM
Ambassador
1,769,801
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
1,228,077
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
1,874,458
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area 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
1,243,734
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

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

Aug 11, 2017 11:42 AM
Rainmaker
164,729
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
3,709,407
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

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
3,990,165
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

I have sold hundreds of foreclosures without any addendums.

Aug 11, 2017 08:07 AM
Rainmaker
834,604
Corinne Guest, Managing Broker
Barrington Realty Company - Barrington, IL
The Choice of Professionals

Yes I had one but he was the back up offer. He assumed the first offer would not remove their finance contingecy. They did, he was bummed.

Aug 11, 2017 08:00 AM
Rainmaker
477,429
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, 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
3,160,029
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

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
2,607,037
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 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
2,087,242
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

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

Aug 12, 2017 03:35 AM
Ambassador
3,399,618
Praful Thakkar
eXp Realty - 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
2,168,343
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
370,812
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Investors who know what they're doing

Aug 11, 2017 09:34 PM
Ambassador
3,104,870
Debbie Reynolds
Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

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

Aug 11, 2017 06:56 PM
Rainmaker
3,134,838
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
878,754
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes.  Addendums, inspections and even contingencies.

Aug 11, 2017 05:27 PM
Rainmaker
427,505
Mike & Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando 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
726,647
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
Ambassador
1,058,758
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
Rainmaker
251,509
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
573,735
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
550,870
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
3,676,237
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
Rainmaker
962,387
Kat Palmiotti
Grand Lux Realty, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

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
3,503,533
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Aug 12, 2017 03:09 AM
Rainmaker
1,109,890
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

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

Aug 11, 2017 11:59 PM
Rainmaker
1,317,169
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

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

Aug 11, 2017 07:07 PM