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Real Estate Tips
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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Real Estate Trivia
Q 
What is the only land in the world that has not been walked on by human feet?

A 
A small 200 square-mile section of Antarctica is the only terrain on Earth that not one person has stepped foot on.
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Marcus Dupree, REALTOR®, real estate agents and broker for Boise, Meridian and Nampa, Idaho home listings, property and land for sale - NUMBER1EXPERT(tm)

Marcus Dupree
Coldwell Banker Aspen Realty

410 E. State St.
Suite # 120
Eagle, ID 83616
Direct: 208-284-4958
Toll Free: 866-501-1500
Fax: 208-955-4025
Email: DupreeHomes@yahoo.com

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