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

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Brittany Simonelli’s answer
Brittany Sim…, , Columbus, OH
Wed Jan 28, 2009
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
tom roberts, Agent, powell, OH
Tue Jan 27, 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.

Regards;

TJ
Web Reference:  http://tjroberts.remax.com
0 votes
David Wakeman, Agent, Strongsville, OH
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
david@wakemanrealtors.com
0 votes
Dallas Texas, Agent, Dallas, TN
Tue Jan 27, 2009
I dont understand your question in regards future? Can you define offer assistance?
Web Reference:  http://www.lynn911.com
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