Sentences with phrase «inspection contingency period»

Once you have something actually under contract you could have this appraisal done during your inspection contingency period.

During the Real Estate Inspection Contingency period, the buyer can submit a written list of defects to be corrected by the home seller prior to closing; or may request an adjustment to the sales price of a home.

Knowing there was at least one other offer, we came in all cash, with a short inspection contingency period to get the winning bid!

Not exact matches

Typically, you would pay for a home inspection out - of - pocket during the contingency period of your bid, if applicable.

Definition: A home inspection contingency is a clause written into a real estate contract that gives the buyer the right to have the house inspected by a professional inspector within a certain period of time.

You can improve terms by using the seller's escrow agent, reducing the inspection period, increasing the earnest money deposit, having a sooner closing date, and limiting appraisal and financing contingencies.»

A home inspection contingency — strongly recommended by most real estate agents — specifies that you will get a licensed home inspector to check the property within a specified period (typically seven days) after you sign the purchase agreement.

These contingencies are short periods of time to get the financing in order (loan conditions), verify that the property condition is acceptable (inspection objection) and to make sure the title is clear and merchantable (title objection).

The two most common contingencies deal with financing, which makes the sale dependent on the buyer's ability to obtain a loan commitment from a lender within a stated time period, and an inspection, which allows the buyer to have a professional inspect the property to their satisfaction.

I am still within my contingency period of inspection and lease review, and am still able to back out if needed.

However, if the the rusted breaker box problem was revealed only as a result of the home inspection, or the roof is on a two story home and the condition not readily apparent from the ground, the inspection contingency should allow you to notify the seller of the problem within a stated time period and negotiate a remedy to fix the problem.

If you have a home inspection contingency in place, you have every right to ask the seller for repairs or credits within the period of time specificed in your offer contract.