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School Reports in Corona, Fullerton and La Mirada, California

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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.

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Q	What is the most unusual maintenance project done once each year in the United States?
A	The Niagara Falls is shut down for maintenance every year in the fall by diverting the flow of water for 24 hours using a massive series of pipes constructed in 1837.
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Chuck Allen Real Estate, REALTOR®, real estate agents and broker for Corona, Fullerton and La Mirada, California home listings, property and land for sale - NUMBER1EXPERT(tm)

Charles Allen
Chuck Allen Real Estate Company
2461 E. Orangethorpe Ave.
Fullerton, CA 92831
Cell Phone: 714-267-4438
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info@ChuckAllenRE.com
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