This is a great idea on any property purchase with a house or unit (as opposed to vacant land). Like the finance clause you will need to ensure the contract has a clause that allows you to terminate should the inspection report be unsatisfactory. If the report finds structural defects or active termites or extensive termite damage, or if there are numerous issues which, when combined, add to a significant amount of work and costs borne by the buyer after settlement, then you may be able to elect to terminate the contract and get your deposit back. Depending on the issues however, the contract states you must be reasonable so it may sometimes be better to call us or the agent and discuss negotiating the price if you can get a quote for the work done. While the seller is not obliged to negotiate they may decide to offer you a reduction. If the seller does not agree to negotiate then you may be forced to accept minor issues.