The inspector writes up a detailed inspection report and gives it to the buyer.The inspector evaluates the property’s interior and exterior, electrical system, plumbing, roof, foundation and more.Shortly after that, the buyer arranges for a home inspection to be completed.The seller accepts the offer and the escrow process begins.The buyers include an inspection contingency within their purchase agreement.The buyers make an offer to purchase a particular home.The process usually goes something like this: To understand how a home inspection contingency works, it helps to consider it within the broader context of the buying process. It also allows the buyer to cancel the contract (or negotiate repairs) if they are not comfortable with the inspector’s findings. Definition: A home inspection contingency is a clause written into a real estate contract that gives the buyer the right to have the house inspected by a professional inspector within a certain period of time.
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