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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 was the first territorial acquisition made by the U.S. Government?

A 
The Louisiana Purchase from France in 1803 for $15,000,000 increased U.S. national territory by 140%.
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Ryder, REALTOR®, real estate agents and broker for Colorado Springs, Ft. Carson and Briargate Colorado home listings, property and land for sale - NUMBER1EXPERT(tm)

Jeff Ryder
The Jeff Ryder Team

RE/MAX Properties, Inc.
1740 Chapel Hills Dr.
Colorado Springs, CO 80920
Tel: 719-593-SOLD
Cell: 719-380-1765
Fax: 1-866-804-1302
Email: jeffryder@NUMBER1EXPERT.com

Jeff Ryder moved to Colorado while serving in the US Army at Fort Carson as a Flight Paramedic. If you look at Jeff's picture and say "I think I know him from somewhere", it may be due to his career before selling homes. After leaving the military, Jeff spent 5 years as a newscaster for television stations in Florida and Colorado. The last three years were in Colorado Springs on 11-News. Jeff is married to Kassie. They have two sons, Clayton and Kyle.

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