5 Legit Reasons to Back Out of a Home Purchase

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1. Problems with the Home Inspection

The most common reason to back out of a home purchase is related to issues with the inspection of the home. This is when major flaws get revealed during the inspection process and they are costly to repair. An option could be asking the seller to carry out the repairs but in case the seller denies this, the buyer usually opts to back out. Hence, a home inspection that turns out to be worse than anticipated convinces buyers to call off the purchase.

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