HOME BUYER TIP: Home Inspection Contingency in your offer
Be sure your agent includes a Home Inspection Contingency in your offer. This makes your purchase of the home subject to your approval of the home inspection and will protect you from discovering any issues with the home before it's too late. In most cases, a home inspection contingency will allow you to back out of a purchase with out penalty and will lead to a refund of any earnest money you deposited up front. The inclusion of this Contingency will give you greater peace of mind when you submit an offer, giving you the knowledge that if a major issue comes up on the home inspection you can protect yourself by backing out of the deal or require the seller to fix the issue before moving forward with the purchase.