I'm an agent and if we made an offer and the seller would not accept an inspection I would recommend that my clients look elsewhere that would be a GIANT red flag for me when representing buyers.
Are you in the habit of making non-inspection-contingent offers in hopes of getting them accepted early and then changing them? I personally agree with what you're saying, but your thinking doesn't seem to match the facts as presented in this situation.
We have purchased several homes without inspections, but we're experienced buyers/rehabbers. DH is in the trades and can read a house like a book. I don't recommend that most people buy this way, nor do I recommend that they take a home inspection report at face value.
It's tricky.
No, I would never make an offer without an inspection contingency. Also I would never make an offer with no inspection and then change that requirement to read inspection required, that's unfair to the seller. I'm just saying I would always highly recommend an inspection contingency and if the buyers I'm representing want to buy without and inspection contingency they would have to sign and approve stating no inspection. I have been a licensed agent for over 40 years and have seen some deals and agents being sued for allowing buyers to buy a property with out and inspection. One particular case was a home for 1.8 Mil and looked great and the inspection was waved; come to find out after closing the home required $350,000 of foundation work and the agent and the broker were both sued and in court for 3 years. Personally not worth my time to deal with that kind of transaction.
In a hot market, sometimes it's just what you have to do to get your offer accepted. If I was an inexperienced buyer in a crazy market, I'd probably just wait it out. I do realize that's easy for me to say, as I already have a house ;-)
When we bought our primary home, we waived inspections and signed just such a document. It was a custom built spec home. The builder overspent, the market turned and he had to short sell it. There were numerous small things that hadn't been completed. Ex: no drip edges had been installed. The retaining wall was backfilled with base rock, not drain rock, and it failed. These are things an inspection might not have revealed anyway, and these projects keep DH busy between...other projects.
BTW, we are friendly with a number of local Realtors. After years of market insanity, they are all anticipating lawsuits. Everyone has increased their E&O insurance and is hoping for the best.