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.

	See All Tips In The "First Time Buyers" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Bonnie Fagoh
C21 Beggins
6542 US Hwy 41 N
Apollo Beach, FL 33572
813-658-1344
Fax: 813-645-8892
BonnieFagoh@NUMBER1EXPERT.com

Bonnie Fagoh again Awarded Masters** Bonnie Fagoh of Tampa Coastal Homes at Century 21 Beggins in Apollo Beach Florida has again been awarded Masters level recognition for 2008*** In a year that experts have noted as the most difficult on record, Bonnie has quietly gone on with what she loves and that is helping families find fantastic opportunity in this coastal community and it shows! "What I have found in 2008 is that many people are very frustrated with the "foreclosure bargains" that they have been steered to, only to find after many aggravating months and been thru the ringer with the lenders that they are forced into a situation where these distressed properties are as is, in need of repair and neglected, I have helped families buy brand new homes never been lived in and with full warranties Close in 2 weeks that's 2 weeks vs the national average of a minimum 2 to 3 months with distressed property. Some big national builders need to keep the scaled down workforce busy even if that means selling at a loss (under replacement cost)." "The hassle of liens and second mortgages etc... does not exist with these brand new bargains." Of course all the normal due diligence has to be performed for example the history of the neighborhood many of these factors cannot be determined off of photos or a written description... No in today's market as competitive as it is it pays to go with a pro that is very knowledgeable about the local area. You need to know that a realtor is serious about the profession. " I have lived in my area over 18 years and in Tampa Bay for over 40 years the trends to me are clear says Bonnie ask how was your 2008?

www.TAMPACOASTALHOMES.COM is brought to you by Bonnie Fagoh
NUMBER1EXPERT™ for Tampa homes for sale, Apollo Beach homes for sale, and Fishhawk homes for sale, Florida - Tampa Bay Real Estate, Tampa Luxury Villas FL

Read Bonnie Fagoh's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge