Many of today's purchase offers include a contingency clause that allows the buyers to hire a home inspector or professional expert to inspect the property. If there is a significant defect in the property, the buyer can cancel the contract without losing the earnest money deposit. Contingencies are excellent procedures that protects both the buyer and the seller.

The time period for inspection contingencies is negotiable. In most parts of the country, the buyers have about a week in which to cancel the contract if the structural inspection reveals a serious and consequential defect. The positive side to such contingencies is that the inspection usually addresses--and overcomes--the buyers' misgivings, and confirms their decision to move ahead with the purchase.

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Sandra Lillywhite
RE/MAX Town Center, At Park Potomac
12505 Park Potomac Avenue #220
Potomac, MD 20854
Cell: 301-275-5444
Office: 301-540-2232 x.104
Fax: 301-519-2450
sandralillywhite@remax.net
lilwhte@erols.com

Sandra Lillywhite has been a top, full-time professional in the real estate business in Montgomery County since 1987. She has been ranked in the top 10 for homes sold in Montgomery County out of 4,000 Realtors and continues to be ranked Top 1% Nationwide. Sandra has earned the respect of not only many satisfied clients, but also of the real estate community. Specializing in relocation services, Sandra's personal commitment to excellence has positioned her as a top agent and has provided her with the networking skills necessary to ensure your satisfaction in your next property purchase or sale.

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