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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The Di Lewis Team
Realty One Group
9089 S. Pecos Rd, Suite 3400
Henderson, NV 89074
Phone: 702-566-5827
Fax: 702 946 5082
Cell: 702 824 2188
Email: di@dilewis.com

Di & Mike work as a team specializing in High Rise condominium properties, resort property, luxury real estate and investment property. . Real Estate designations held include: GRI (Graduate of the Real Estate Institute) ABR (Accredited Buyers Representative) e-PRO (Certified Internet specialist). Mike was born in New York and has holds a BBA from Adelphi University and is is a former New York CPA. Mike is the team manager and brings a wealth of financial management and administrative experience to the team and is a certified Foreclosure and Short Sales Specialist. He specializes in investment property and commercial real estate and is currently a CCIM candidate.

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