1. Inspections
The most common reason for buyers backing out of a contract is due to the results of a home inspection. The home inspection notes any issues in regards to safety, structure, and functionality. It allows the buyer to make an informed decision about what they are purchasing. While typically the buyer will negotiate with sellers on repairs to be done or money to go towards repairs, if a buyer has an inspection contingency in their offer they have the right to walk away. A buyer is most likely to walk away if they cannot come to an agreement with the seller or a major issue like water intrusion or foundation issues pop up.
Seller tip: There are two things a seller can do to help prevent a buyer from walking. Fixing necessary items…
