"You can't change your mind on a home after closing, but you can rethink the deal after the inspection. When a report turns up more than you planned for, it's normal to wonder if this is still the right house at the right price."
"But when to walk away after a home inspection can be personal. We'll help you weigh the risks of repairs, factor in your budget and timeline, and ultimately, decide when it's best to trust your gut - whether you're buying a home in Madison, WI or Sacramento, CA."
"First, protect yourself with a home inspection contingency A home inspection contingency is the safety net for homebuyers. It says, in writing, that you can inspect the property within a set window and either renegotiate repairs/credits or cancel and recover your earnest money if you want to walk away after the home inspection. In a lot of markets, buyers have between 5-10 days to get the home inspected and get back to the seller."
Home inspections can reveal issues that change a buyer's calculus about a property. Buyers should include a home inspection contingency providing a clear response deadline, buyer discretion to cancel, the right to seek specialist evaluations, and options for repairs or credits. Typical inspection windows are often 5–10 days. Strong inspection clauses let buyers withdraw and retain earnest money if they meet notice requirements. Major concerns like foundation, roof, electrical, plumbing, or moisture warrant further evaluation or repair estimates. Buyers should weigh repair costs, budget, timeline, and personal tolerance for risk when deciding whether to proceed.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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