P&S before Inspection??

[Robert Andrade]

Hey Y'all

So we have an accepted offer on our first property. It's a multi in our home town and by all accounts a pretty good deal.

As we are unfamiliar with this whole process please indulge my newbie question. Is it normal to be required to sign the P&S before we've even had the home inspection? The inspection is scheduled for this Monday, our offer was accepted yesterday, we received the P&S already today and I'm being told by my agent that this is standard and we have 48 hrs to sign and return it.

I'm feeling rushed. What if the inspection comes back that the whole house has cooties or that it's built on an old Indian burial ground or that it's haunted...? Do we still have the legal right to back out based on an unsatisfactory inspection after the P&S has already been signed??

Thoughts??