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Inspection Contingency Addendum

An inspection contingency addendum is typically requested to be attached to the real estate sales contract by the purchasing party. The contingency included within the addendum states that the buyer has a specified amount of time to conduct a professional inspection of the property. If there is a substantial defect found during the inspection, the buyer will have the right to back out.

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Last updated September 21st, 2024

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An inspection contingency addendum is typically requested to be attached to the real estate sales contract by the purchasing party. The contingency included within the addendum states that the buyer has a specified amount of time to conduct a professional inspection of the property. If there is a substantial defect found during the inspection, the buyer will have the right to back out.

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This document enables the buyer to renegotiate or terminate the purchase agreement should any major problems be present within the property (earnest money deposit must be returned). Some of the elements of the inspection that can be addressed in this form include determining which party is responsible for covering the cost of the examination, whether or not the seller may continue marketing the property while the addendum is in effect, and the date by which the defects must be reported to the seller.

Find a Certified Home Inspector – The American Society of Home Inspectors offers a directory on their website that allows visitors to lookup licensed specialists in their area.

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