Purchase and sale agreement and inspections?
I am in the process of buying a home, and I recently received a Purchase and Sale Agreement from the seller. I'm concerned about the inspection contingency in the agreement, because I'm not sure if it protects me as a buyer if there are any issues with the home. I want to make sure my interests are fully protected in the agreement, so I'm looking for legal advice on how to properly interpret and negotiate the inspection contingency.
1 Attorney answer
It is recommended that you seek the assistance of an attorney before signing any contract. In addition, it is recommended that you sign an as-is contract, because the inspection period provides you the opportunity to terminate the contract for any reason, if you are not satisfied with the results of the inspection. But you must terminate within a timely period as set forth in the contract.