Home buying contingencies are contractual terms that need to be met in order to move forward with a real estate purchase. The DiMora Team are real estate experts in the Novi and Northville neighborhoods, and we know that when a buyer makes an offer on the property, they write up an official document outlining all of the terms and conditions that they are proposing for the transaction. If the seller chooses to accept the buyer’s offer, they will be able to accept as-is or come back with negotiations of their own. Once a middle ground has been established, the buyer and seller write up their official purchasing agreement and move into escrow. At this point, the buyer and seller are bound to the terms described in the contract. In order to close the deal, all contingencies must be met. When the market is particularly hot and competition is high, buyers often think that the best way to get a seller to accept their offer is to sweeten the deal by waiving certain conditions. By removing the requirements that sellers would have to abide by, the seller may be convinced that your offer is better than others. The property inspection contingency is one of the most basic terms and conditions of your transaction which should never be waived. Check out below to see what sold in Meadowbrook Glens in January 2025:
42518 Park Ridge Road, Novi: 3 bedrooms, 2.1 bathrooms, 1,639 sq. feet, 2 car garage, Sold Price: $396,010
Meadowbrook Glens Home Sold
January 2025
Even if you know the seller personally or think the home’s condition looks fine at first glance, you need to have the property officially inspected to identify any hidden defects and issues. For more information on Meadowbrook Glens, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.