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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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Q	What is considered the oldest surviving non-native building in the U.S.?
A	The governor's palace in Sante Fe, New Mexico, built in 1609, was constructed with materials and methods adapted from the native Indians.
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Doris DeMauro Bishop, REALTORŽ, real estate agent and broker for Tallahassee and Monticello, Florida home listings, property and land for sale

Doris DeMauro Bishop
Steve C. Walker Realty, LLC
250 S. Jefferson St.
Monticello, FL 32344
850-591-0085
Fax: 850-997-8605
dorisdemaurobishop@BestImageAgent.com

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