Does the buyer have to complete his inspections during the option period?
No. The right to inspect the property is contained in Paragraph 7A of the contract and is not contractually tied to the termination option found in Paragraph 23. Most buyers will want to have their inspections completed during the option period so that they can exercise their right to terminate if they are not satisfied about the condition of the property after receiving the inspector’s report. The buyer has a right to re-inspect the property at reasonable times. A seller who refuses to permit inspections at reasonable times would be in breach of the contract.
If you need help buying or selling a home please contact Michele Hanigan at DallasHomes@me.com or call/text 214-738-5555. Additionally, you can check out Park Cities / Dallas Real Estate Services.
MICHELE HANIGAN, Realtor