1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

A Good Home Inspector saves money


 
PRLog - Jun. 27, 2014 - KEY LARGO, Fla. -- Per Sally Stribling top producing Real Estate Agent for Coldwell Banker Schmitt in the upper Fl Keys, "A home inspection is crucial for the sake of the buyer because it’s only purpose is to uncover defects, deficiencies and other problems.

Home inspectors are licensed, usually carry errors and omissions insurance and are known as “expert generalists”. This means that they are not extensively trained or experienced in things like pest inspections, but will tell you if they suspect a pest infestation.

These professionals will also look for other signs of existing and potential problems. While they generally do not give quotes as to the cost of repairs, they might tell you what specifically is wrong with something, which will allow you to find out.

When you put a purchase offer on a home that you want to buy, the real estate contract becomes a binding legal agreement after the seller accepts. These purchase contracts contain certain clauses which directly impact both the buyer and seller. Fortunately, purchase contracts favor buyers, because of the several federal and state consumer protection laws.

However, this doesn’t mean the seller has no options. For instance, there are “escape hatches” for buyers, which include what’s known as contingency clauses. These are things like the ability to back out of the purchase if financing doesn’t come through or voiding the purchase offer if the home inspection reveals costly repairs. Should none of the contingencies come into play and you want to back out only because you’ve changed your mind, the seller can enforce the specific performance clause, go to court and force you to go through with the deal.

So, if the inspector misses something and it’s not uncovered or disclosed, you’ll be in the position of purchasing buyer’s remorse. If that happens, you’ll probably be able to take the seller to court, but that will be a stressful, costly, and time consuming process.

Contact
Sally Stribling
***@keysbestproperty.com

--- End ---

Click to Share

Contact Email:
***@keysbestproperty.com Email Verified
Source:Sally Stribling
City/Town:Key Largo - Florida - United States
Industry:Real Estate
Tags:key largo real estate, upper keys homes, keys home inspections
Shortcut:prlog.org/12342211
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share