Why Realtors Say “Appraisal and Inspection for Review Only (Waived)”:
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Great question — you’re touching on a very current real estate trend, especially in competitive markets like New Jersey. Let’s break it down clearly:
In hot markets, sellers often receive multiple offers, so they look for the cleanest offer — the one with fewer contingencies (conditions that could delay or cancel the deal). That’s why many buyers are waiving appraisal and inspection contingencies.
What It Means:
- Appraisal Waiver for Review Only:
Buyer won’t back out or renegotiate if the appraisal comes in lower than the offer. They’ll still review it, but not use it to reduce the price. - Inspection Waiver for Review Only:
Buyer will still do an inspection, but won’t ask for repairs or cancel the deal based on issues found.
How This Can Impact Sales:
- PROs for Sellers:
- Faster, cleaner closings.
- Less risk of deals falling apart.
- Risk for Buyers:
- Overpaying if appraisal is much lower.
- Buying a home with hidden issues that might need expensive repairs.
What Buyers Can Do or Ask:
- Still Get Appraisals & Inspections — just waive the right to negotiate, not the right to check.
- Ask for Seller Disclosures before making offers.
- Include a cap in escalation clauses (e.g., “not to exceed appraised value + $10K”).
- Work with a smart realtor like Anil Aggarwal to stay protected.
How Realtor Anil Aggarwal Helps Buyers:
Daily Property Search:
Anil personally searches and sends properties based on each buyer’s liking — not just MLS matches, but hidden gems too.
Prompt Online Appraisal Checks:
Before a buyer commits or locks an offer, Anil uses trusted online appraisal tools to check if the property value is likely to appraise at or above offer price, helping buyers avoid overpaying.
Guidance on Inspection Rights:
Anil educates buyers on what’s legally protected in NJ:
- You can still inspect the home.
- You can waive repairs, but not waive health/safety concerns by law.
- He can connect you with reliable inspectors who deliver fast, detailed reports.
Negotiation Strategy:
Anil creates a balanced offer that protects the buyer without scaring off the seller — using terms like:
- “Appraisal for review only if value is within 5% of offer”
- “Inspection for major defects only”
Visual Summary (Infographic Style Text):
Hot Market Reality
Sellers want: Fewer Conditions
Buyers need: Smart Strategy
Risks of Waiving Appraisal/Inspection
Overpay
Hidden Issues
No Repair Credit
Anil Aggarwal’s Buyer Shield
Daily Property Matches
Instant Online Appraisal Review
Legal Inspection Guidance
Smart Offer Structuring
