In essence, these stipulations ensure you can walk away from the purchase (with your earnest money intact) if problems
arise during the inspection.
Put simply, once evidence of non-compliance
arises during an inspection, which moves the belief of the inspector from a non-compliance check, to reasonable and probable grounds that an offence has been committed, that inspector is no longer engaged in an inspection, but is now almost certainly engaged in an investigation to gather evidence in furtherance of prosecuting the offence.
Not exact matches
The final stumbling block where issues can
arise and where the home seller may decide to back out of the sale is
during the home
inspection phase.
When problems
arise during home
inspections, it doesn't always mean you have to back out of your contract.
In reality, realtors have negotiation skills and can resolve problems which may
arise at closing time or
during inspections; and the ability to execute contracts as well as knowledge of the market and / or programs available in your area.
That can include doing due diligence, providing asset documentation, keeping owners apprised of issues that
arise during site
inspections and tracking lease structures to ensure they create maximum value for the landlord.