Buying Highlands NC Real Estate, Contingencies Necessary
Contingencies are necessary when buying Highlands NC real estate. In fact the contingencies protect both the buyer and seller. Contingencies keep a contract on schedule and help eliminate surprises at the closing table. While not every contract to purchase a Highlands NC home for sale has the same contingencies there are those that are necessary for a buyer’s safety. Your REALTOR will explain the contingencies and ensure that each step is followed.
Contingencies provide safety
Contingencies allow a buyer to exit a contract when necessary. For example, a finance contingency allows a contract to be terminated in the event that a loan cannot be secured. Furthermore, an appraisal contingency enables a buyer to back out if the home doesn’t appraise at the contracted price. Additionally, the home inspection contingency protects a buyer from purchasing a money-pit.
Your Highlands NC REALTOR will explain each contingency and its importance for your contract. Each contingency is tied to a date. The due diligence period will ensure that you, the buyer, are making a wise decision.
Learn more about buying Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more buying a home in Highlands NC. We welcome the opportunity to update you on current market conditions while getting you started on your property search. Let our knowledge and experience serve as your guide to buying Highlands NC real estate.
Click here to read “Most Common Contingencies Buyers Request” from REALTOR Magazine.