Sign Up For Our eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
I WAS NERVOUS AND YOU WERE COOL!
You obviously know your business, since I was able to sell my home in under thirty days and for $35,000 more than I paid in just two years.
STEVE, seller after only two years
Read Quote >
View All Quotes >
|
 Compare three mortgages
at one time. Download TripleCalc now. It's free. |
Jim and Betsy Edwards are two of
The Top Selling Real Estate Experts™
Find Out More > |
|
|
 |
Please Sign Up For The
Latest Listings and the Latest Real Estate News
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.
|
| Q |
To what process do the terms closing, escrow, settlement and passing papers refer?
|
| A |
These terms, which vary in different parts of the country, describe the conclusion of a real estate sale. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERTS™ 
