Real Estate Affiliates in Phoenix, Glendale and Peoria, Arizona Provided by Sheri McBroom

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School Reports in Phoenix, Glendale and Peoria, Arizona

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Schools in Phoenix, Glendale and Peoria

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	To what process do the terms closing, escrow, settlement and passing papers refer?
A	These terms, which vary in different parts of the country, describe the conclusion of a real estate sale.
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Sheri McBroom, REALTOR®, real estate agent and broker for Phoenix, Glendale and Peoria Arizona home listings, property and land for sale - NUMBER1EXPERT™

Sheri McBroom
RE/MAX Integrity
20241 North 67th Avenue, Suite A1
Glendale, AZ 85308
Office: 623-572-7224
Mobile: 602-697-5823
Fax: 623-388-6867
Email: Sheri@McBroomHomes.com
I am 15 years in the business with expertise in many areas of the valley. I look forward to helping you with all your Real Estate needs!

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