What is the primary purpose of a home inspection contingency?

The primary purpose of a home inspection contingency is to allow the buyer to inspect the property before finalizing the sale. This contingency provides the buyer with the opportunity to evaluate the condition of the home through a professional inspection. It can reveal significant issues that may need to be addressed, giving the buyer crucial information that could influence their decision to proceed with the purchase, negotiate repairs, or even withdraw their offer if the findings are unsatisfactory. This process serves to protect the buyer's investment and ensures they are fully aware of the property's condition before committing to the transaction.

In the context of the other options, finalizing the sale without any conditions does not serve the buyer's interests, as it leaves them exposed to unforeseen problems with the property. A detailed report of property taxes is not the main focus of a home inspection; instead, the inspection focuses on the physical structure and components of the home. Seller disclosure of property details can play a role, but it does not offer the same level of inspection and verification as a professional evaluation, which is what the home inspection contingency specifically addresses.