Pending sale - Buyer wants to extend inspection time to 30 days

[Sandy S.]

Entering into attorney-review of pending sale contract.  Buyer is asking to extend the time to complete an inspection from 10 to 30 days.  Is this normal?  What is the risk of allowing them 30 days vs. 10 days?  FYI closing date will be end of Jan 2020 anyhow.

[Jessica Zolotorofe]

The risk is they have more time to cancel. Usually if it's residential it's to find a wholesale end buyer or they are shopping a bunch of properties and will pick their favorite at the end. The way around that is to have your contract have a tight clause that only allows termination (not for "any or no reason") if they find a mechanical, insect, electrical, plumbing, environmental or structural issue that the seller is not willing to remediate.