What is one advantage of waiving the appraisal according to Jan and Scott's lender?

Waiving the appraisal provides the advantage of eliminating the cost associated with obtaining an appraisal. In a typical home buying process, obtaining an appraisal can represent a significant expense, often ranging from a few hundred to several thousand dollars, depending on market conditions and property type. By waiving this requirement, buyers save not just time but also the immediate financial burden, which can be particularly beneficial in a competitive real estate market where every dollar counts toward closing costs or down payments.

The other options you considered, while they may have their own benefits in a broader context, do not directly relate to the distinct advantage of waiving the appraisal through the savings on expenses. For instance, the perception of the home's value, approval likelihood, and necessity for inspections all present different aspects of the buying process that may not be directly tied to the financial advantage of waiving appraisal costs.