Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

Should I waive the inspection condition to win a bidding war?

Waiving the inspection condition to win a bidding war is risky and should only be considered after a strong pre-inspection or a very thorough walkthrough, since without it you have no legal way to renegotiate or walk away if a hidden problem turns up after possession.

A lawyer licensed through the Law Society of Saskatchewan can walk you through exactly what you give up before you sign, and a standard home inspection, typically $400 to $600, catches problems a walkthrough alone misses, from an ageing furnace to foundation movement.

A middle option exists in a competitive market: a buyer-paid pre-offer inspection before the offer goes in, which lets you remove the condition with real information instead of removing it blind. The Saskatchewan REALTORS Association reports 1.63 months of supply this year, so competition is likely on a well-priced listing but not guaranteed on every one.

Whichever way you go, know exactly what you are giving up before you sign rather than after. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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