Your lender will usually require an inspection—and if you’re getting a Federal Housing Administration (FHA) loan, it’s required. If an inspection isn’t required in your situation, you do have the option to waive it. Waiving your inspection could make your real estate offer more likely to be accepted and could allow you to close on your loan faster—but at great risk. The biggest risk to waiving an inspection is that the home that you’re buying needs major and costly repairs that could have been discovered in the inspection. If you do choose to waive your inspection, be sure to consider the risks.