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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 was the world's highest viewing platform before the opening of the Empire State Building in 1939?

A 
The Eiffel Tower, built between 1887-1889, was for 42 years the highest viewing platform in a man-made structure.
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Dana Hancock, REALTOR®, real estate agent and broker for Jacksonville and St. Johns County, Florida home listings, property and land for sale - NUMBER1EXPERT

Dana Hancock
Re/Max Specialists

12646 San Jose Blvd.
Jacksonville, FL 32223
Phone: 904-287-4252
Toll Free: 866-430-6793
Fax: 904-677-7956
DanaHancock@comcast.net

As one of the top 5 Realtors in the entire Jacksonville / 5 county area, let my expertise work for you! If you want a top producer that is fun and down to earth, you've come to the right place. I think your home buying and selling process should be a team effort, so I will work for you and with you to make every step as seamless as possible. Listed as a top 10 agent by The Jacksonville Business Journal 2003-2008.

ePro Equal Housing GRI MLS REALTOR


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