Redfin

JULY 15, 2025

The reality check of the home inspection can be a decisive point in the homebuying process—it’s when hidden issues come to light that can make or break whether or not a home is still the right choice. If you’re wondering how long buyers have to respond after the inspection report comes in, you’re not alone.

Inspection

Redfin

JULY 21, 2025

These include contractual protections like contingencies, state-specific allowances like the option period, and financial repercussions such as forfeiting earnest money. Common contingencies include: Financing contingency: Protects buyers if they can’t secure a mortgage loan.

Earnest money deposit

HomeLight

MARCH 16, 2023

He adds that negotiations and home inspection issues could further reduce the price by 10%. You don’t need the added stress that comes with the risk of the buyer’s financing falling through or a home inspection turning up unpleasant surprises. The buyer does due diligence during the option period in Texas.

Sales

HomeLight

MARCH 13, 2023

You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts. The option period is negotiated between buyer and seller.

Sales

HomeLight

AUGUST 29, 2022

While it is not always recommended to completely waive contingencies to impress a seller, you might consider pairing down to just the inspection contingency and financing contingency to remain competitive. Contingencies: Financing, home inspection, and appraisal. Order inspections and appraisal.

Earnest money deposit