Video — Agent Secrets — Inspection Clause: Yes or No, and Why?

Home inspection is frequently required in the process of a home purchase; this short video explains the purpose of an "inspection clause" in a purchase offer.

Under some market conditions, a buyer might include a clause that makes purchase conditional on, or influenced by, the results of a home inspection. This gives the buyer some latitude to exit from the deal, or to renegotiate, if the inspection reveals issues.

An inspection clause might also stipulate responsibility, such as requiring the seller to address problems revealed by inspection before the purchase is completed.

In other conditions, such as highly-competitive buying markets, a home-inspection clause might be left out entirely. Be clear on the risk that this introduces.

The real estate professionals involved in the transaction will provide guidance on the decision.