What is a home inspection contingency?
Even with a home inspection contingency clause, buyers have to move quickly. The timeline for a home inspection contingency is usually short — about three to seven business days.
Buying a home is one of most significant purchases you’ll make in your lifetime, so how can you ensure you’re not putting an offer on a money pit?
The good news is: when it comes to verifying that a home is in good condition, homebuyers have a few tools at their disposal — one of which is a home inspection contingency.
About the author
Kelsey Rolfe is a freelance journalist and editor based in Toronto. Her work has appeared in the Globe and Mail, Toronto Star, Maisonneuve Magazine and TVO, among others. She's generally pretty good at budgeting and saving, but can't seem to stop impulse buying books.