What risk can a buyer face by skipping a home inspection?

Skipping a home inspection can expose a buyer to the significant risk of overpaying for a property that may have hidden or undisclosed issues. A home inspection is a critical process that helps identify any structural or mechanical problems within the property. These issues could range from minor repairs to major defects that could lead to substantial financial burdens after the purchase. By not conducting an inspection, the buyer may overlook significant problems such as roofing issues, plumbing problems, or electrical faults, all of which could lead to costly repairs after the purchase is finalized. Thus, the likelihood of overpaying for a property that has these undisclosed issues is a valid concern for any prospective buyer. This highlights the importance of thorough due diligence in the home buying process.