“Buyer Hereby Removes Its Inspection Contingency”
Whether or not you insist on a clause like the one above in any post-Inspection Amendment depends.
Specifically, on whether you’re a Buyer or a Seller.
Quid Pro Quo
To preclude the Buyer coming back with more issues while the Inspection period is still open, Sellers should insist that any concessions they make be explicitly in exchange for the Buyer removing their Contingency.
Buyers who want to keep the door ajar . . . omit such a clause.
P.S.: Once the Buyer’s Inspection period expires, the point becomes moot.
See also, “The Difference Between a Home Inspection Addendum and a Repair List“; “Handling Issues That Come Up on Inspection: Two Options“; and “Home Buyer’s Inspection: When to Bring In Reinforcements.”
