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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.
Karen Schindler Keller Williams Realty St. Louis 10936 Manchester Road St. Louis, MO 63122 314-966-2626 Fax: 314-677-6463 karenschindler@kw.com
Hi, we are the Karen Schindler Team, and we are full-time licensed professional Realtors that strive to help people accomplish their house buying and selling dreams. Karen is a life long resident of St. Louis. We love helping people relocate to our wonderful St. Louis community. In our successful careers, we have helped hundreds of people just like you turn their home ownership dreams into reality. Our clients are treated with the utmost in service, professionalism and integrity. Our goal is to make your home sale or purchase as smooth as possible. We would love to be your Realtors for life. It would be our pleasure to be of service. Email or call us today so we can begin making your dreams come true.
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