Buying Highlands NC Real Estate, Contingencies Offer Protection
It is important to understand that contingencies offer protection when buying Highlands NC real estate. While some may wonder if they weaken an offer, the reality is that removing contingencies should be done with caution. Common contingencies include finance, inspection, and appraisal. A Highlands NC REALTOR will help inform buyers on what each contingency in a contract is for.
Are contingencies necessary?
While there may be cases where contingencies are not necessary they are far and few between. Even when a buyer is paying cash and intends on razing a home to rebuild he should be protected. Contingencies will ensure that Highlands NC property is free of encumbrances and that it is in the condition necessary. This also means that a buyer is protected when issues arise.
Can contingencies interfere with an offer?
Of course, a contract without contingencies would hold appeal for a seller. However, contingencies protect sellers too. Contingencies keep a contract on a timeline and allow a seller to re-activate a listing in the event a property falls out of contract. Removing obstacles means that a seller can expect to close the property and also ensures that a seller can keep the earnest money if a buyer changes his mind.
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.