Inspection contingency when representing the buyer.

[Claribel LopezAbreu]

As we all know the real estate market is very aggressive. It’s a sellers market and agents are being very creative when presenting offers. How do I word in my contract that my buyer is doing an inspection just for informational purposes but not requesting any credit or repairs. However, what about if structural damages/plumbing or electrical are discovered. Can you walk away from the contract without loosing your deposit/earnest money. I’m in NJ.

What’s the best way to word it in the contract (inspection for informational purposes) but at the same time protect your buyer.  Advise please;