When you buy a cattle ranch in Lake City, a home for sale in the area, or anything else, the transaction depends on the home inspection—and your Lake City Realtor® will write your purchase offer to include a contingency that says if the inspection turns up something you’re not willing or able to deal with, you can walk away from the deal.
What is a Contingency?
Any condition that you or the seller must meet to complete a real estate transaction is a contingency.
What is a Home Inspection Contingency?
A home inspection contingency says that if something big turns up in the inspection report—something that you’re not able to deal with, you don’t want to pay to repair, or something that changes the way you feel about the house—you can leave the transaction and keep your earnest money deposit.
If something like that does come out during the inspection, you can ask the seller to fix it, ask the seller to come down on the price (because you’ll have to fix it), or walk away from the deal.
Are You Buying a Home or Property in Lake City or the Surrounding Communities?
We’d love to help you find the right house, ranch, timberland, or property. Call us at 386-243-0124 or get in touch with us online to let us know what you need.
In the meantime, take some time to explore:
- Waterfront residential
- Waterfront land
- Bank-owned and foreclosures
- Short sales
- Paved road frontage
- Non-deed-restricted land
- Wooded oak tree land
- Land for land home combo