Keep in mind that as a buyer, just because the inspection period has ended, if new things are discovered regarding the condition of the home, you do have the ability to cancel the contract.
Arizona Association of Realtors Legal Hotline News You Can Use
After the inspection period, the buyer and his contractor went to the home to analyze the type of improvements that the buyer was going to make after the close of escrow. Mold is discovered. The buyer wants to cancel the contract because of the mold. The seller intends to remediate the mold. Can the buyer cancel the contract after the discovery of the mold?
Yes. The seller is required to update the Seller’s Property Disclosure Statement (SPDS) to disclose the mold. The buyer then has five days to cancel the contract. If the seller does not update the SPDS, the buyer can issue a Cure Period Notice requiring the updated SPDS, and then the buyer can cancel the contract if the seller does not deliver the updated SPDS within three days.
Just because the home inspection period has expired, it doesn't mean that if additional things are discovered, the buyer has no recourse. When new things are discovered after the inspection period has ended, make sure the seller updates the SPDS to disclose that issue. If the seller does not update the SPDS, the buyer should immediately issue a Cure Period Notice requesting that the seller update the SPDS. The buyer has 5 days to cancel the contract upon the discovery of something like mold, and the buyer can also cancel the contract if the seller does not deliver the updated SPDS with the 3 day period.