Ask your agent what to expect before you even start the home search process so you are prepared when the time comes. Before leaving the home of choice, inspect it carefully. In most cases you will be buying a used home. The seller is required to tell you anything wrong with the home they are aware of Your agent will advise you on additional inspections that may be needed. Discovering major flaws after the closing is too late.
Resolution becomes much more difficult.
Don't waive inspections unless you are confident it is a good decision. Never rely on verbal conversations in your negotiations. If you want it and the seller is willing to give it, get it in writing on the contract to purchase. Be sure to discuss the possession clause with your agent. You own the home and begin paying for the interest on your new home loan as of the day of closing even if your first payment is a month or so away.