What happens if inspection issues are not resolved before the resolution deadline?

What happens if inspection issues are not resolved before the resolution deadline?

• A. The contract terminates on the resolution deadline
• B. The contract automatically extends
• C. The buyer must fix the issues
• D. The contract is renegotiated by mutual agreement

Answer: (A)

The inspection contingency includes a resolution deadline, which gives time for the buyer and seller to address identified issues. If nothing is resolved by that date, the contingency ends and the contract terminates. This protects the buyer by providing a clear exit if the seller won’t fix the problems or can’t reach an agreement. Extensions aren’t automatic—they require mutual agreement to push the deadline. The buyer isn’t required to fix the issues themselves; typically, repairs or credits are negotiated with the seller as part of the deal.

The inspection contingency includes a resolution deadline, which gives time for the buyer and seller to address identified issues. If nothing is resolved by that date, the contingency ends and the contract terminates. This protects the buyer by providing a clear exit if the seller won’t fix the problems or can’t reach an agreement. Extensions aren’t automatic—they require mutual agreement to push the deadline. The buyer isn’t required to fix the issues themselves; typically, repairs or credits are negotiated with the seller as part of the deal.