DON'T FIGHT THE HOME INSPECTION-
Question: We are selling our house and have just received an offer to purchase. The offer contains a contingency for the buyer to obtain a home inspection report. The buyer is asking for a general inspection contingency, but our real estate broker is advising us to use the specific inspection contingency. Can you explain the difference and give us some assistance?
Answer: In my opinion, it is imperative for a homebuyer to obtain a home inspection after the contract for sale is signed by all parties. Buyers often purchase real estate based on emotions rather than facts, and a good home inspection is important to satisfy the purchaser that the property is substantially in sound condition.
A buyer should always include in a sales contract a contingency to the effect that the contract is contingent on the purchaser obtaining, at purchaser's expense, a satisfactory home inspection within three or five business days after the real estate contract is ratified.
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