Cleveland, Chattanooga and Ooltewah real estate and homes for sale in Tennessee - Phyllis Murphy



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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

Q 
Where is the world's largest stained glass window?
A 
The American Airlines terminal at the Kennedy International Airport in New York City has a stained-glass window that is 300 feet long and 23 feet high.
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Phyllis Murphy, REALTORŪ, real estate agent and broker for Cleveland, Chattanooga and Ooltewah, Tennessee home listings, property and land for sale

Phyllis Murphy
Prudential Realty Center
7522 East Brainerd Road
Chattanooga, TN 37421
Cell Phone: 423-596-7172
Fax: 423-598-7224
phyllismurphy@bestimageagent.com

I pride myself in providing professional real estate service. Contact me to see what a difference I can make.

Equal Housing MLS REALTOR


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