Not in the traditional sense. In NYC, due diligence - including inspections - happens during the attorney review period before contracts are signed. Once the contract is executed, the buyer has accepted the property's condition. This is fundamentally different from many other markets where post-contract inspection contingencies give buyers an exit. Educate out-of-town buyers on this structure to avoid misunderstandings.
From the seller playbook: Contingency Risk Modeling
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
More questions on this topic
List for free, or go full service for 1%.
Use the playbook yourself, or let us run pricing, marketing and negotiation.