If the inspection is not satisfactory, it goes back to what are the terms of the contract say. In Florida, there is two commonly used contracts. One of which is an AS-IS contract. The AS-IS contract usually give a period of days, anywhere from three to 15 days, for the buyer to inspect the property. Essentially, under that contract, the buyer can back out for any reason or no reason. However, if you’re using a different type of contract that doesn’t allow for the buyer to back out based on the inspections, then the seller may be able to hold the buyer to the contract and proceed towards closing.