A home inspection contingency allows buyers to learn about major and minor issues with a home before purchasing it. Many lenders won’t offer financing on a home without an inspection.
Home inspections can uncover potentially life-threatening problems like mold or faulty wiring that could cause a significant fire. Most potential buyers have a seven-day window after a home inspection to walk away from the purchase.
A thorough inspection is a critical step in purchasing a home. Home inspectors look at the exterior and interior parts of the home, including but not limited to electrical, plumbing, roofing, HVAC, and foundations.