Interesting thing about Contingencies….

    Can you hear the voice saying, “You know son, it is an interesting thing about contingencies…”?

    I’ll tell you it is.  In fact, some are not known at the viewing stage and even at the pre-offering stage.  Some of the agents without code have been been guilty of waiting until buyers have spent $$$ on inspection and appraisal before dropping the “contingency” hammer.

    Now, onto answering the question about Contingencies.  There are several main types of contingencies in the Real estate world.

    • Seller unable to close escrow with their sale until they find their home of choice.
    • Buyer needing to sell their home before they can buy another.
    • Contingencies subject to inspection. (usually a tenant occupied thing, where they are unfriendly to the idea of their “rental” being sold)

    Then you have some various contractual contingencies, here are a few:

    • Loan
    • Appraisal
    • Inspection

    There are others that you are going to want explained to you by a Real Estate industry expert.  Watch the video or give us a call – we will answer any questions.

     

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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