What are the rights of property buyers during the inspection period?

Property buyers have several rights during the inspection period when purchasing a property. This period typically allows buyers to conduct a thorough examination of the property to identify any issues that may affect their decision to move forward with the purchase.

Property Inspection

Buyers have the right to hire a professional home inspector to evaluate the property for any structural, mechanical, or safety issues. This inspection can uncover hidden problems that may not be visible during a regular showing.

Negotiation

If the inspection reveals major issues, buyers have the right to negotiate with the seller for repairs or credits to cover the cost of fixing the problems. Buyers can request that certain issues be addressed before closing or ask for a reduction in the purchase price to account for the necessary repairs.

Walking Away

If the inspection uncovers significant issues that the buyer is unwilling to address or finance, they have the right to walk away from the deal without penalty. This allows buyers to protect themselves from purchasing a property with expensive or dangerous problems that were not disclosed before the inspection.