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School Reports in Ashland, Medford and Rogue Valley, Oregon
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Real Estate Tips
First Time Buyers >Inspection Contingencies

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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Real Estate Trivia
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What is the world's most valuable piece of furniture?

A 
The 18th century Italian Badmiton Cabinet owned by the Duke of Beaufort sold in 1990 at Christie's, London for $15.1 million dollars.
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Patie Millen and Eric Bonetti, REALTOR®, real estate agent and broker for Ashland, Medford and Rogue Valley, Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

Patie Millen and Eric Bonetti
Royce Real Estate Services

145 East Main Street
Ashland, OR 97520
541-301-3435: 800-585-0010
EFax: 503-210-7899
patie@ashlandoregon.com

Call us. We are always happy to answer your questions. Or email us and let us know the type of property you would like to find. We are experts in Southern Oregon and it is our privlege to assist you.

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