What is a Home Inspection Contingency?
When you decide you want to buy a home, whether it’s a house for sale in Sea Pines or a condo for sale at La Mirage, your Port A Realtor® will put together a purchase offer. She’ll put in contingencies, or conditions that must be met, that can help protect you in case things go south with the transactions.
One of those contingencies will involve the home inspection.
What is a Home Inspection Contingency?
A home inspection contingency says that if the inspector you hire uncovers something wrong with the house that makes you unwilling to buy it, you can cancel the transaction and walk away with your earnest money deposit intact.
If there’s something wrong with the home, you have a few options. You can ask the seller to lower the purchase price because you’ll have to pay to fix the issue; you can ask the seller to fix the issue; or you can cancel the transaction.
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