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First Time Buyers >Inspection Contingencies
Many of today's purchase offers include a contingency clause that allows the buyers to hire a home inspector or professional expert to inspect the property. If there is a significant defect in the property, the buyer can cancel the contract without losing the earnest money deposit. Contingencies are excellent procedures that protects both the buyer and the seller.
The time period for inspection contingencies is negotiable. In most parts of the country, the buyers have about a week in which to cancel the contract if the structural inspection reveals a serious and consequential defect. The positive side to such contingencies is that the inspection usually addresses--and overcomes--the buyers' misgivings, and confirms their decision to move ahead with the purchase.
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What is the least affordable metropolitan housing market in the United States?
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California's Los Angeles-Long Beach-Glendale is currently rated as the most expensive metro area in the nation. |
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Julie Hoelscher Crosswind Realty 3219 Saint Genevieve Drive Leander, TX 78841 512-789-7541 Fax: 512-697-2825 Julie@Julie-Cares.com
I offer a unique ability to connect with my clients, who often become friends. I will take your concerns, expectations and needs to heart, and you can trust my professional guidance and expertise on your real estate journey.
Please feel free to contact me by phone or by email. I will get back to you quickly.
I look forward to working with you soon!   
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