You are selling as-is condition, therefore your buyer should not expect you to give credits if test fails, however she can withdraw from the purchase. She can withdraw from the purchase for other reasons as well, during the attorney review period the buyer does not even have to provide you with a reason to cancel the contract.
I would ask the buyer to do all inspections withing 5 business days so that you can start packing ;-)
Again, best of luck!
Congratulations on your contract!
The radon test takes about 24-48 hours, per contract the buyer should have a set amount of time to complete all inspections and tests, usually 5 days from the seller's acceptance. If the radon levels are higher than the average level, buyer can request from the seller to cure the problem prior to closing. You can refuse to do so, however at that point the buyer can choose to withdraw from the transaction. Best is to check with your agent and/or attorney as they can review the contract with you and explain your options, and give suggestions.
If you need additional information in regards to radon testing, costs, procedure and likeliness of high radon level in your basement, I would google a local radon inspector and give him a call.
Best of luck!
Is Y E S
The inspection and attorney approval period on the contract is there to protect the buyers, to give them the chance to have the house inspected, tested etc.
If Radon testing is requested by the buyer then there should be a time frame in the contract that may extend the inspection period, or that extension may have been agreed upon. So your Realtor and your attorney should answer the question of extension of Attorney Approval and Inspection period of the contract, just ask them!
It should NOT hold up the closing itself, but the buyer can definitely refuse to buy the home as long as it is done within the time frame of the contract terms. Your Attorney will be able to answer that question for you.
PS And there is radon remediation should there be a problem with it.
Buyers can decide to back out of a deal for any number of reasons. Unless there is a major problem with radon in your location, we would expect this to not be a problem for a newer home.
Refer to your purchase contract for inspection deadlines that should clearly identify the period allowed for the buyer to perform inspections. Your agent will be able to assist you with this.