During option period buyer should have ___ ___ by home inspector. This will help them understand whether there are any problems with ___ of property & whether they find such problems ___. If so, and they choose to end contract must do so by ____ local time on ___ ___ of option period.
home inspected – condition – unacceptable – 5:00 PM – last day
During the option period, the buyer should have a home inspection by a qualified home inspector. This will help them understand whether there are any problems with the condition of the property and whether they find such problems significant. If so, and they choose to end the contract, they must do so by giving written notice of termination to the seller before the end of the option period. This notice must be given by 5:00 p.m. local time on the last day of the option period. It is important to note that the option period is a specified timeframe during which the buyer has the right to terminate the contract, for any reason or no reason at all, without losing their earnest money.
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