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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Tracey A. Donley
RE/MAX EXCELLENCE
4435 S. Buffalo Drive
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Tracey Donley and her carefully, hand-picked real estate sales team aim, quite simply, to provide you with KNOCKOUT SERVICE & RESULTS! They want to put the "WOW!" word back into your vocabulary, whether you are selling or buying real estate in Las Vegas!!! If your objective is to save your valuable time and money while selling your property or buying exactly what you want in real estate, then Tracey welcomes you to spend as much time as you wish on her web site getting acquainted with her and the manner in which she conducts business!

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