Not doing and inspection
Waiving the inspection contingency release the Seller of all responsibility and transfer it to the Buyer. The cost of the inspection is negligent in comparison to the investment. In more than 90% of the cases, the return of the investment in the inspection is at least 300%, considering the fact that even a few negotiated items will pay off the cost of the inspection.
It is widely known that a lawyer should not represent him/herself, or a himself or a doctor should not treat himself, the objectivity and impartiality of a third party is a key element for a valuable evaluation of your property. Finding issues after the fact, will directly affect your investment.