Asked by Carla Pennington, Georgetown, TX • Tue Jan 29, 2013
Does an investor purchaser have the same 15 day option period for inspection that an owner occupant has? I've read on the hudhomestore site that an investor loses his option money if he doesn't close, regardless of the reason, but is this AFTER the inspection period? I know that even for an owner occupant it isn't like a usual home purchase where they can just change their mind, but must be accompanied by an inspection report that shows unacceptable conditions. True for investors, too?
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