3/9/2024 0 Comments Home inspection refund form![]() Buyers receive a full refund of their earnest money if they choose to walk away. ![]() ![]() This could be anything from the neighborhood to issues with the home or even a dislike of the local school system. If the contract is canceled, the buyer doesnt lose money in the process.īuyers can easily back out of a contract if they dont like what they see during the inspection period. It gives buyers an opportunity to inspect the property, and if it doesnt meet their standards, they can either cancel the contract, or renegotiate the terms. In real estate, an inspection period is the timeframe during which buyers have the opportunity to perform their due-diligence on the piece of property they intend to buy. What exactly is an inspection period, and how long does it normally last? You signed the contract, but now youve entered into an inspection period. Youve found the perfect piece of property, and youve put in an offer. ![]()
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