Home inspection

Inspections are an incredibly important part of the real estate process. 

Whether you’re buying or selling, you need to know about the home inspection contingency. 

A home inspection contingency states that the purchase of the home itself is contingent on the results of a home inspection. 

That means if the inspection comes back with some things that need to be fixed, the buyer can renegotiate the purchase agreement with the seller. 

The buyer can ask the seller to fix the problems, come down on the purchase price, or for some other negotiation. Alternatively, if the seller and the buyer cannot come to an agreement, the buyer can walk away from the sale. 

As you can see, an inspection contingency can have big repercussions on the purchase agreement between the buyer and the seller. 

No matter which side of the table you’re on though, your real estate agent can guide you through each step of the real estate process and negotiations to ensure that your best interests are protected. 
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