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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Tammy Ehrenfelt
Coldwell Banker Gesik Realty
1815 NW Hwy 101
Lincoln City, Oregon 97367
Direct: 541-992-5111
Fax: 541-994-9582
Toll Free: 800-959-7760
TammyEhrenfelt@NUMBER1EXPERT.com

I have been a Real Estate Broker with Coldwell Banker Gesik Realty in Lincoln City, Oregon for many years selling Oregon Coast homes in and around Lincoln County & South Tillamook County including Lincoln City, Depoe Bay, Gleneden Beach, Neskowin, Pacific City, Lincoln Beach, Newport, Waldport, OR as well as many other areas of the state of Oregon and have worked hard at making my business successful by taking care of my clients whether they're buying or selling real estate on the Oregon Coast. If you are looking to relocate out of the area, I have national and international contacts that I can refer you to. Just give me a call and let me know what you are looking for and "The Go-To-Girl For Real Estate" will go to work for you.

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