
TIMES ARE CHANGING: Inspection Contingency is Back!
In the feeding frenzy for homes in the past couple years, the majority of offers had no appraisal, no loan and no inspection contingency. This favored the Seller and truly became the norm. Meaning, the Buyer was willing to buy a home "as-is" with no way out of the deal. With the slow down in the market over the past few months, we are seeing contingencies come back. The purchase contract has a 17-day default period written into it to allow a Buyer to investigate, which can be