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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 Newport, Rhode Island mansion was built as a birthday present and incorporates 500,000 cubic feet of white marble?

A 
The Vanderbilt Marble House was constructed by railroad baron William K. Vanderbilt for his wife Alva, who later divorced him, remarried and moved into a mansion down the street.
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Christine Demonbreun and Debbie Nunn, REALTOR®, real estate agents and broker for Ft. Campbell, KY, Clarksville, Tennessee and Montgomery County, Tennessee home listings, property and land for sale - NUMBER1EXPERT(tm)

Christine Demonbreun and Debbie Nunn
Keller Williams Realty

2271 Wilma Rudolph
Clarksville, TN. 37040
Phone: 931-648-8500
Fax: 931-648-8551
Cell: 931-320-2133
Cell: 931-320-1651
Email: christinedemonbreun@NUMBER1EXPERT.com

Serving Clarksville, Montgomery County, Tennessee since 1985.

CRSGRIEqual HousingREALTOR


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