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Home Inspection Contingency

The Home Inspection Contingency

Home inspections provide an opportunity for a buyer to identify any major issues with a home before closing. Your first clue that a home inspection is important is that it can be used as a contingency in your contract with the seller. This contingency provides that if a home inspection reveals significant defects, you can back out of your purchase offer, free of penalty, within a specific timeframe. The potential problems a home can have must be pretty serious if they could allow you to walk away from such a significant contract.

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Why do homebuyers need a home inspection?

Buying a home is a significant investment and might be the largest one a homebuyer ever makes. It’s recommended that homebuyers gain as much knowledge as possible about the property before purchasing

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Another great review!!

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