This month Nick gives his advice to buyers looking to make a move this spring/summer. With a highly competitive Boston real estate market, it can be challenging, but there are ways to be competitive and purchase the home of your dreams!
There is a lot of talk about “contingencies” right now - can you explain these?
Contingencies are clauses in an offer that define a condition or action that must be met for the purchase contract to become legally binding.
Typical contingencies buyers use in offers include:
Inspection Contingency - Allows the buyer to have a professional home inspector inspect the property and then decide whether they want to move forward with the purchase, potentially renegotiate the price/terms, or back out and