Buying Highlands NC Real Estate, Can Contingencies Get in Way?
Can contingencies get in the way when buying Highlands NC real estate? Real estate sales are on the upswing and a strong offer is important as markets get more competitive. While some think that eliminating contingencies from a contract is more attractive the reality is that you have to be careful. Contingencies are designed to protect a buyer and while some are ok to exclude, others are essential. The advice of a Highlands NC REALTOR is important as a contract to purchase a home is drafted.
Contingencies offer protection
The inspection contingency is important for any buyer of a Highlands NC home for sale. This contingency allows inspection of a home which in turn will reveal the condition of a home. Understanding the condition of a home helps avoid surprises and provides a better understanding of any repairs that may be necessary. Likewise, the finance contingency enables an out in the event that a mortgage is not approved for a buyer.
Sellers attracted to simple contracts
A contract without contingencies holds appeal to a seller. In essence, this means a clean contract without obstacles. Additionally, a contract without contingencies allows a seller to keep the earnest money if a buyer changes his mind. When multiple offers are received a buyer may choose the cleanest contract to protect his interest.
Happy middle ground
Keeping an inspection contingency in a contract to purchase Highlands NC real estate is important. However, a finance contingency may not be. A cash offer, for example, holds appeal to a seller. Furthermore, an appraisal contingency may not be necessary. Take the time to discuss all of your options with your REALTOR in order to craft a strong offer that keeps you protected.
Learn more about buying Highlands NC real estate
Contact me, Lynn Kimball, today to learn more about buying real estate in Highlands NC. I welcome the opportunity to update you on the market while answering all of your questions. Let my 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.