Contingencies Important When Buying Highlands NC Real Estate
Contingencies are important when buying Highlands NC real estate. In short, contingencies offer protection for the buyer. Ultimately, contingencies will help save a buyer from the unexpected. A purchase contract will almost always have a few contingencies in it. A Highlands NC REALTOR will ensure the right contingencies are in a contract so that a buyer is as protected as possible.
Financing: The financing contingency protects you in the event that you are unable to secure a home loan.
Appraisal: The appraisal contingency ensures a fair price for your home and is a critical part of your financing.
Inspection: The inspection contingency permits not only a home inspection to occur but also an opportunity to take care of issues that may be revealed. If repairs are needed they can be taken care of by the seller or a request can be made for cashback at closing to cover the repairs.
Other contractual details
Dates matter in a contract as well and every contingency will have a date attached to it. Dates matter and can definitely be a negotiation point along with contingencies. There are other contingencies as well. Some buyers need to sell a home before making a purchase and will have this drafted as a contingency in the offer. What is important is that you have an experienced Highlands NC REALTOR protecting your interests.
Learn more about buying Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying a home in Highlands NC. We welcome the opportunity to update you on the market while answering all of your questions. Let our knowledge and experience serve as your guide to buying Highlands NC real estate.