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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	What is the highest skyscraper hotel in the world?
A	The Grand Hyatt Shanhai in Pudong, Shanhai, China occupies the top 35 floors of the 88-story Jin Mao Tower, which at 1,378 feet is the tallest building in China and the third tallest building in the world.
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Melanie Smith, REALTOR®, real estate agent and broker for Fairfield, Westport, and Weston, Connecticut home listings, property and land for sale - NUMBER1EXPERT

Melanie Smith
Prudential Connecticut Realty
PO Box 532; 411 Pequot Avenue
Southport, CT 06890
203-319-3403
Fax: 203-255-2330
Voice Mail: 203-429-1714
Melaniesmith@prudentialct.com
melaniesmith@NUMBER1EXPERT.com
Melanie Smith, ABR, ABRM, CRB, CRS, GRI has been the top producer in her area since 1980, currently in the top 1% in the nation. Assertive representation, confidentiality and professional service to buyers and sellers. Prudential Connecticut Realty is an independently owned and operated member of The Prudential Real Estate Affiliates Inc., and Prudential is a service mark of The Prudential Insurance Company of America.

Southport CT Real Estate Fairfield CT Real Estate Westport CT Real Estate Fairfield CT Homes for Sale Prudential Connecticut Realty: An independently owned and operated member of The Prudential Real Estate Affiliates Inc., and Prudential is a service mark of The Prudential Insurance Company of America.

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