Real Estate in St George
Karey Maniscalco
435-703-4584435-703-4584

How can contingencies protect you?

Purchasing a home is one of the largest financial commitments you’ll ever make, and it’s understandable to want to protect your investment throughout the purchase process. When you’re ready to make an offer on a home, adding a contingency to your contract can give you time to assess the property and feel confident that it is a sound investment.

Here are five contingencies that can safeguard your investment:

1. A financing contingency ensures you’re not on the hook if something goes awry with your loan. If you’re unable to secure a mortgage or the terms and conditions change significantly during the contingency period, you can back out without any penalties.

2. An inspection contingency gives you a set time frame to have a professional home inspection done on the property. Should issues be found, you can negotiate with the seller to make repairs or adjust the sales price to account for the home’s condition.

3. An appraisal contingency protects you if an appraisal comes in below the sales price. When this happens, it’s up to you to make up the difference, either by securing additional financing, paying it out of pocket or renegotiating the deal. If none of these methods work, the contingency allows you to back out without losing your earnest money.

4. A home sale contingency is crucial if you’re selling an existing home while buying a new one. Essentially, it says your purchase relies on your ability to sell your current home by a specific date. If you haven’t accepted an offer in that period, you can withdraw and get your earnest money back.

5. An occupancy contingency protects you should you need to move into your new home by a specific time. It gives you possession of the home on the date you specify.

It’s no secret that today’s housing market is a competitive one, and bidding wars can be intimidating. Get in touch today to ensure that your bid stands out and your investment is protected.

 

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About Karey Maniscalco

Picture of Karey Maniscalco

Karey Maniscalco

Realtor- Realtypath

kareysells@gmail.com

435-633-9080435-633-9080 main

Karey Maniscalco & Associates with RealtyPath

113 East 200 North St George, UT 84770

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Reviews

5nicole danny

Karey was great!! She went above and beyond to find my family the perfect home. We were first time buyers and she took the time to explain things to us, she was on top of all the paper work and emails & walked us through the whole process !

5Jamiej4

Karey is a top notch Realtor! I highly recommend her! She goes above and beyond and works hard to get what you want in buying and selling of your home! I have used other realtor's and would never use anyone other than her again!

5AlisaBrewer666

I am absolutely DELIGHTED to offer my review of Karey. We contacted her at the beginning of February, 2016. We had been offered a purchase price on the house that we had been renting for a year....and we had NO IDEA what to do next. My friend, who bought... (more)

Review Karey Maniscalco on Zillow.com