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The inspection contingency is a key aspect of real estate transactions that allows the buyer to negotiate necessary repairs after having a professional inspection conducted on the property. When buyers include this contingency in their offer, it gives them the right to assess the condition of the property thoroughly before finalizing the purchase. If the inspection uncovers issues or repairs needed, the buyer can request these repairs to be made by the seller, negotiate a credit toward repairs, or even withdraw from the transaction if the problems are significant enough.

This contingency serves as a protective measure for buyers, ensuring they are aware of the property's condition and can take necessary actions based on the findings of the inspection. It emphasizes the importance of due diligence in real estate transactions, helping buyers make informed decisions based on a thorough understanding of the property's state. Other contingencies, such as financing, appraisal, and title, serve different purposes and do not specifically address the negotiation of repairs.