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.
Lacie Maynard Realty Executives 3479 Gulf Shores Parkway, Ste. B Gulf Shores, AL 36542 800-760-6019 Fax: 251-968-4340 laciemaynard@NUMBER1EXPERT.com
Always willing to go the extra mile, Lacie's outstanding attention to detail has earned her continual referral business as well as a wealth of new business. For nearly a decade, Lacie has been a top listing and selling agent all along the Alabama Coastline.
As one of America's NUMBER1EXPERTS™ in the Gulf Shores, Orange Beach and Foley area Lacie is well equipped to guide you through all your real estate needs. Call or email her today!
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