Should you skip a home inspection in a competitive market?

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Magnifying glassThe short answer: no.

The long answer: In Ontario, if you had the option of a home inspection and chose not to have one, the seller is not responsible for anything a home inspector could have found. Simply because a home is popular doesn’t mean that it is in good shape, and skipping a home inspection to get the house could end up costing you thousands of dollars in repairs and needed upgrades days, weeks, months or even years after closing. If you are truly concerned about missing out on a house you love, have the home inspection before you put in your offer. It might cost you several hundred dollars, but you will know what the house is like before you are tied into it. Ultimately, it’s not worth the small savings to miss a big issue.