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Ask for a home inspection contingency: Building this contingency into your purchase contract will allow you to walk away from the deal if the inspection reveals major issues, particularly if the ...
Non-contingent offers are appealing to sellers — but should you waive the inspection contingency?
The inspector then produces a written report, offering their opinion of the property and noting any damage. A home inspection contingency is often included in the deal’s purchase agreement, ...
Inspection contingency – Another buyer's condition. Purchase of the real estate is contingent upon a satisfactory inspection of the real property revealing no significant defects. Contingencies could also be made on the satisfactory repair of a certain item associated with the real estate.
A home inspection is a limited, non-invasive examination of the condition of a home, often in connection with the sale of that home. Home inspections are usually conducted by a home inspector who has the training and certifications to perform such inspections. The inspector prepares and delivers to the client a written report of findings.
Yet, 22% of home buyers waive the home inspection contingency when purchasing a property, according to the National Association of Realtors’ May 2024 report. However, many real estate ...
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