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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
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The smallest of Canada's 1000 Islands shares a name with a fairy tale hero. What is it?

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Tom Thumb
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Bill Cullin, REALTORŪ, real estate agent and broker for Lewes, Rehoboth Beach, Bethany Beach and Dewey Beach, Delaware home listings, property and land for sale

Bill Cullin
Long & Foster Real Estate Inc

37156 Rehoboth Avenue Ext
Rehoboth Beach, DE 19971
Mobile: (302) 841-7147
Fax: (302) 227-8165
Office: (302) 227-2541
Toll Free: (800) 462-3224 Ext. 117
Email: bill.cullin@longandfoster.com

Call or Email Anytime. I will respond.

MLS Equal Housing REALTOR


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