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School Reports in Lake Oswego, Portland and West Linn, 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
Q 
What holds the title as the tallest reinforced concrete building in the U.S.?

A 
311 South Wacker Drive in Chicago was completed in 1990 and is 65 stories high.
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Lois Oliver-Miesbach, REALTOR®, real estate agent and broker for Lake Oswego, Portland and West Linn, Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

Lois Oliver-Miesbach MBA, CPA, Principal RE Broker
Real Estate by Lois & Hill

4800 SW Meadows Rd Suite 300
Lake Oswego, OR 97035
Cell/Voice Mail: 503.453.3092
Fax: 888.453.2820
Lois@LoisMiesbach.com

You will find that Lois Oliver-Miesbach's commitment to you and your real estate goals will be performed with knowledge, integrity and dedication. That’s why more than 90% of business is from past clients and referrals!

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