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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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What is the highest altitude hotel in the world?
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The Hotel Everest View sits at the record altitude of 13,000 ft (3,964 m) above sea level, in the rarified atmosphere of Namche, Nepal, the village closest to the Mount Everest base camp.
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Bradley E. Arnowitz PA, RPS, CLHMS
Arnowitz and Associates
Re/Max Beach Properties
1355 Alton Road, FL 33139
24/7: 305.776.6113
Office: 954.883.3700 x 122
Facsimile: 305.402.0707
ClientCare@ArnowitzProperties.com
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