Home inspections are an important part of the home buying process and even if they are not required, we do not recommend waiving them except in some circumstances, such as in new-construction, land purchase, or if you are in a situation with multiple offers and you are absolutely sure that you will not need it and you understand what you're doing. A home inspection, in addition to being useful for understanding any material defects in the home, gives you leverage to negotiate a credit or a discount on the purchase price. Also, a home inspection is a 'Contingency' that gives the buyer the option to back out of the deal without further explanation at any time during the 'inspection period' without forfeiting their 'Earnest Money Deposit.