what is inspection time
Home / Buyers Inspection Period. The inspection period is a negotiated time frame in which buyers have the opportunity to conduct their due-diligence on the property. The purpose is to give the buyers a âfree look,â so to speak. If the buyers donât like what they see, they can re-negotiate the terms of the contract, or cancel the contract altogether and have their earnest money returned without penalty. Length of the Inspection Period.