Who pays for Inspection if deal falls through

[Mason Haley]

Hello, say that you have an offer accepted with an inspection contingency and hypothetical $2,000 in escrow. You pay $500 for a general inspection and figure out the deal will not work after the inspection and bids from contractors you choose to back out. Am I assuming correctly that You would get the $2,000 back that is in escrow but still be liable for the $500 you paid for the inspection and any additional inspections you choose to have?

[Sabrina Sanchez]

Hi Mason, I agree with the previous person. They buyer (at least here in Massachusetts) typically pays for the inspections unless an agreement was made with the seller. As far as the $2,000.00 back , typically if you had an inspection contingency and followed your duties within the realms of the inspection period then you should also get that back. I would refer to the contract you signed and if you are working with an attorney they would be able to spell this out for you as well.