An inspection contingency, also known as a due diligence contingency, protects a buyer in case the house doesn't pass its inspection. Brian Babb/Unsplash.

Learn about real estate contingencies and how they protect both buyers and sellers in home purchase transactions.

Real estate contingencies provide a way for one or both parties to back out of a real estate contract if certain specified conditions are not met — in other words, the sale is contingent upon these ...

Home Inspection Contingency. A home inspection contingency lets you hire a professional home inspector to examine the condition of the property you’ve offered to purchase.

“If your inspection contingency allows you to request repairs or credits in lieu of repairs, then you can certainly ask for the seller to insulate these pipes,” Stokes said.

Putting an offer on a home and going under contract is a major step toward making what is likely the biggest purchase of your life — so it can be nerve-wracking when there are still unknowns… ...

A professional home inspection can alert you to any problems with the property and, in some cases, give you leverage to negotiate for a better price or other concessions from the seller.

Homebuyers are still waiving inspections. Could the latest Fed rate cut help turn the tide? In a competitive housing market, buyers are forgoing their right to an inspection, or the right to walk ...