What is a home inspection contingency?

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

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.

Read this next

browse categories

What is a home inspection contingency?

This offer condition can save you a lot of headaches on existing homes and even new builds.

How to save money by bundling your home and auto insurance

Two-for-one deals aren’t just found at the grocery store. The same can apply to car and home insurance.

Three home insurance endorsements to consider based on where you live

Whether it’s earthquakes, floods, or wildfires, you might need additional coverage for risks specific to your region.

Land Rover

Compare Land Rover car insurance quotes from top auto insurance providers with LowestRates.ca. Find the best quote & save today! Instant. Online. Free.

26,505 Canadians

have compared rates and saved money over the last 24 hours

How comparing auto insurance quotes works. Hint: it’s free!

Compare

Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.

Front view of a car. Illustration.

See how our customers with collision coverage save big on auto insurance.

Your questions about Land Rover auto insurance rates, answered.

What is the cheapest Land Rover to insure?

Auto insurance news

BMW

Compare BMW car insurance quotes from top auto insurance providers with LowestRates.ca. Find the best quote & save today! Instant. Online. Free.

26,505 Canadians

have compared rates and saved money over the last 24 hours

How comparing auto insurance quotes works. Hint: it’s free!

Compare

Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.

Front view of a car. Illustration.

See how our customers with collision coverage save big on auto insurance.

Your questions about BMW auto insurance rates, answered.

What is the cheapest BMW to insure?

Auto insurance news

Acura

Compare Acura car insurance quotes from top auto insurance providers with LowestRates.ca. Find the best quote & save today! Instant. Online. Free.

26,505 Canadians

have compared rates and saved money over the last 24 hours

How comparing auto insurance quotes works. Hint: it’s free!

Compare

Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.

Front view of a car. Illustration.

See how our customers with collision coverage save big on auto insurance.

Your questions about Acura auto insurance rates, answered.

What is the cheapest Acura to insure?

Auto insurance news

Infiniti

Compare Infiniti car insurance quotes from top auto insurance providers with LowestRates.ca. Find the best quote & save today! Instant. Online. Free.

26,505 Canadians

have compared rates and saved money over the last 24 hours

How comparing auto insurance quotes works. Hint: it’s free!

Compare

Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.

Front view of a car. Illustration.

See how our customers with collision coverage save big on auto insurance.

Your questions about Infiniti auto insurance rates, answered.

What is the cheapest Infiniti to insure?

Auto insurance news

Subaru

Compare Subaru car insurance quotes from top auto insurance providers with LowestRates.ca. Find the best quote & save today! Instant. Online. Free.

26,505 Canadians

have compared rates and saved money over the last 24 hours

How comparing auto insurance quotes works. Hint: it’s free!

Compare

Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.

Front view of a car. Illustration.

See how our customers with collision coverage save big on auto insurance.

Your questions about Subaru auto insurance rates, answered.

What is the cheapest Subaru to insure?

New, expensive models with top-of-the-line features are often considered the most stylish, but it’s low-end models without custom trim that have the cheapest premiums.

Auto insurance news

Mitsubishi

Compare Mitsubishi car insurance quotes from top auto insurance providers with LowestRates.ca. Find the best quote & save today! Instant. Online. Free.

26,505 Canadians

have compared rates and saved money over the last 24 hours

How comparing auto insurance quotes works. Hint: it’s free!

Compare

Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.

Front view of a car. Illustration.

See how our customers with collision coverage save big on auto insurance.

Your questions about Mitsubishi auto insurance rates, answered.

What is the cheapest Mitsubishi to insure?

Auto insurance news

Pages