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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.
Doug Ketter of Wells Fargo Selecting the type of financing you will use is one of the first and most important steps in your real estate purchase. Find Out More >
Bobbi's Omaha Houses Team Prudential Ambassador Real Estate 13340 California Street Omaha, Nebraska 68154 Direct: 402-496-7499 Office: 402-493-4663 Toll Free: 800-376-3799 Fax: 402-498-2672 Bobbi@OmahaHouses.com
If you are considering relocating, buying or selling real estate in the Omaha metropolitan area and the surrounding suburban areas of: Bellevue, Blair, Elkhorn, Ft. Calhoun, Gretna, and Papillion, you've come to the right place -- Bobbi and her Real Estate Team.
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