Buying Highlands NC Real Estate, Do Contingencies Work Against You?
Do contingencies work against you when buying Highlands NC real estate? In a competitive market there is a belief that leaving contingencies out of a contract strengthen an offer. However, think twice about removing contingencies as they are there to protect a buyer. Your Highlands NC REALTOR will offer sage advice when purchasing a home and it is important to weigh all of your options.
What are contingencies?
Common contingencies in a contract to purchase a Highlands NC home for sale include financing and inspection. A finance contingency protects a buyer when financing falls through. An inspection contingency protects a buyer when issues arise during a home inspection. Home appraisal, clear title, and sale of a current residence are additional common contingencies.
Contingencies are designed to protect a buyer in a Highlands NC real estate transaction. Eliminating contingencies from a contract in order to secure a contract is certainly a method that some buyers wish to use. However, eliminating contingencies can leave a buyer vulnerable. If money is no object and a buyer is planning an overhaul of a home, perhaps the finance contingency and inspection contingency may not be necessary. For most buyers, of course, these contingencies offer needed protection.
Learn more about buying Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying real estate in Highlands NC. We welcome the opportunity to update you on market conditions while preparing you for your property search. Let our knowledge and experience serve as your guide to buying Highlands NC real estate.
Click here to read “Contingent Offers May Not Hurt You As Much” from REALTOR Magazine.