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What is a home inspection contingency?

A home inspection contingency allows buyers to have professionals inspect the property to their satisfaction before proceeding with the purchase. If the buyer is dissatisfied with the results of their inspection, there are several options, depending on how your contract is worded. They could accept the price & terms as you originally agreed and make the repairs once they own the property, ask the seller to make some of the repairs, renegotiate the price based upon work needing to be done, or back out of the transaction altogether.

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