Inspection Contingencies

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Randy Poole
Broker In Charge
843-693-8333
randy@beaconsc.com

Jeff McIlhenny
Owner, Broker
843-452-2953
jeffm@beaconsc.com

Inspection Contingencies

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Should I include an inspection contingency in my offer?

An "inspection contingency" protects you as a buyer in a purchase offer by allowing you to cancel closing on the deal if an inspector finds problems with the property.

As soon as the seller accepts a written offer, the document becomes a legally binding contract. The purchase contract can be written to include a contingency for any repairs found to be needed or related items the seller must take care of before closing. If these are not dealt with, and you have such a clause in your contract, you can delay or possibly cancel the closing.

Standard SC real estate contracts include protections for homebuyers via the home inspection, and it is also a good practice to have an additional contingency added regarding the findings of the home inspection.

Question about buying Charleston homes?

Last Updated ( Tuesday, 17 November 2009 )

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