When you present your offer to the seller it is a usual custom to ask for time to be allowed to have inspections done to the property. We cannot express the utmost importance to allow time for home inspections. In doing so, you have written what is called a contingent offer. Offers can be contingent on your loan approval from your lender, property inspections, the receipt of acceptable homeowners or condo association disclosure packets, the sale of property, to name a few. It is important that all deadlines be met and that all contingencies are removed exactly the way the contract specifies. Your Realtor is responsible for making sure this is done correctly.
