What is an Inspection Contingency?
- TOCR Real Estate School
- Mar 6, 2023
- 1 min read
Also known as a “due diligence contingency,” the inspection contingency is a clause sometimes offered in a purchase agreement that grants buyers a predetermined amount of time during escrow to perform any necessary inspections.
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A contingency clause is a clause in a contract that specifies what must happen for the clause to be deemed valid.
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A home inspection contingency enables purchasers to engage a specialist to inform them of both significant and small faults with a property before making an offer on it.
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