Champaign, Urbana and University of Illinois Illinois real estate listings, home buying, selling and relocation information

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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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Q	Where is the world's largest wine cellar, and how big is it?
A	A company in the center of the wine-growing district of South Africa has a cellar that covers an area of 54 acres and has a capacity of 27 million gallons.
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Sandy Gard and Associates, REALTORŽ, real estate agents and broker for Champaign, Urbana and University of Illinois Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Sandy Gard and Associates
Keller Williams The Real Estate Center of Illinois
821 S. Neil Street
Champaign, IL. 61820
Cell: 217-840-5459
Phone: 217-239-7107
Toll Free: 877-771-6100
Fax: 217-356-6116
Email: sandygard@NUMBER1EXPERT.com
Sandy Gard and her associates have invested years of experience and education in the real estate and banking fields to facilitate a smooth, successful transaction for our clients. Our first concern is to listen to our clients needs, concerns, and goals. The integrity and reputation of our business is based on providing the highest level of service. We want you to consider us your "Realtor for Life".

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