Home Buying in 44131>Question Details

Joe Kaye, Home Buyer in Seven Hills, OH

when making a bid on a home, what contigents should be wrote in the bid to protect me from future?

Asked by Joe Kaye, Seven Hills, OH Tue Jan 27, 2009

Help the community by answering this question:


I typically have the following contingencies to protect my buyers best interests:

1. Financing-one contingency for pre approval and one for loan committment (final approval)
2. Inspections (home, well and septic, termite, radon, home owners insurance)
3. Attorney review
4. Buyer to chose title company-seller to provide ALTA homeowners title policy.
0 votes Thank Flag Link Wed Jan 28, 2009
I always put subject to inspection,etc.. even if your not planning on one,you may find something out during this time frame,like there is a water tap fee for 12k,major hidden things,good luck.


Web Reference: http://tjroberts.remax.com
0 votes Thank Flag Link Tue Jan 27, 2009
Hello Joe,

In writin an offer to purchase you would want to build in a Home Inspection contingency, a financing contingency and a wood destroying insect contingency. You might also build in a Septic and Well inspection, if the property had those items.

There are other contingencies that could be added depending on the situation, but the ones I mentioned are the most common.

You can also visit our website for more FREE Industry reports on Buying a Home.

I hope this helps.

David Wakeman
RE/MAX Classic
0 votes Thank Flag Link Tue Jan 27, 2009
I dont understand your question in regards future? Can you define offer assistance?
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Tue Jan 27, 2009
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