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Is it usual (in CA) to have both the Investigation of Property and Informational Access to Property contingencies checked on the RPA?

Selling a condo in California and I’m reviewing an offer. What exactly is an “informational access to property” contingency? The potential buyer (a new attorney, I believe) marked that for 7 days after acceptance, as well as the “investigation of property” contingency for 7 days after acceptance.

Buyer’s aim is for a quick close of 16 days, if that helps. Buyer also asked for a $5000 credit toward closing costs. putting down $35,000, financing (LTV) at 90%.

In my counter offer, I would like to include the contingencies “verification of down payment and closing costs” and “verification of loan application” within two days after acceptance, because the last two offers wasted our time. Would that be within RE norms? I would appreciate your insights.

submitted by /u/Designer_Role_7012
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source https://www.reddit.com/r/RealEstate/comments/1azm023/is_it_usual_in_ca_to_have_both_the_investigation/
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