I don't understand. I thought you can backout of the contract pending the inspection. Meaning if the inspection finds something that you find unacceptable, you can backout. I thought my contract had this clause. If you didn't have a clause like this and couldn't backout why would you have the inspection? Wouldn't you pretty much be buying the home "as-is"? True the owner would have the option to correct any findings. In NY, you can backout up to the closing and get your deposit back.
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