Don't Push It!

Nevada County CA Real Estate Update by The De Sena Group serves Nevada County area including Nevada City, Grass Valley, Alta Sierra, Lake of the Pines, Lake Wildwood, Peardale, Chicago Park, Cedar Ridge, Rough and Ready, Penn Valley and outlying areas....

When you are considering buying a home in these areas or any part of Nevada County remember: DON'T PUSH IT!

Many purchase offers contain what are called "Contingency Clauses", but just how many contingencies are too many? While an unsatisfied contingency allows a buyer to back out of the offer if certain requirements are not met by the sellers, it can also raise eyebrows when too many demands are included.

Of course, you want to protect yourself when you are buying a home, but you also want your offer to be considered seriously. Buyers who include too many contingency clauses in their Offer to Purchase may find themselves immediately rejected.

As far as title, most purchase offers already specify that the seller must deliver a marketable title. But what about a professional home inspector's report, a termite inspection report, building code compliance, and (in some areas) a radon inspection? Your Offer to Purchase should be contingent upon receiving satisfactory reports in all of these areas. There may even be some other local requirements, so you should definitely do your research before formulating your offer. Some local requirements in the Grass Valley, Nevada City and surrounding areas would be a Natural Disaster Disclosure, Right to Farm Disclosure, Mining Issues, etc.

As you can see, there are more considerations to making an offer than just price and closing date. You certainly don't want any nasty surprises, but you also want to protect yourself.

A qualified real estate professional can help guide you through the ins and outs of the purchase offer process, guaranteeing that your offer will receive serious consideration. Happy home hunting!

For a great buying experience, contact
the De Sena Group @ ERA Cornerstone Realty
stephen@desenagroup.com or call the office at (530)265-3369.