What Happens if the Inspection Contingency Expires on a Home Offer?
HomeLight
JANUARY 26, 2024
If this contingency period lapses before you’ve finalized your decisions, will you lose your deposit? This period, typically lasting 7-10 days from the acceptance of the purchase offer, is known as the due diligence period. Once the seller accepts your offer, the clock starts ticking on this due diligence period.
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