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Tuesday, October 27, 2009 @ 4:23:00 PM - Written by Ryan Vaught

October 27, 2009

Having a back-out plan is a must for smart home buying. If the home has an irresolvable flaw, it doesn't appraise for the purchase price, or your lender refuses to fund your loan, having contingencies on your contract gives you the right to cancel the transaction. Think about it this way: would you spend $100 in a store that doesn't have a 30-day return policy? If your answer is no, you wouldn't want to put hundreds of thousands of dollars on the line without the right to bail.

This is why it is important to have a real estate agent working for you that understandings all of the ins and outs of real estate.  Make sure that you have contingencies on your offer.  Some typical contingencies are: that the home inspections comes out smoothly, a contingency that your house will sell in order for you to buy the house you are putting an offer on and that your loan will be approved.

If you are looking for a real estate agent in or around Chico, California to represent you, consider calling me.  I would be happy to chat with you about what your real estate need are-buying or selling or even both!
Ryan Vaught, Real Estate Broker
(530) 343-2959

Information for this blog obtained from: http://www.frontdoor.com/Buy/Top-10-Home-Buying-Mistakes-That-Can-Cost-You/55152/p2

Take a look at my market report for today!
http://www.ryanvaught.com/chicomarketreport

Currently Ryan has about 30+ listings in inventory, and has sold 25 homes in 2009. Please don't hesitate to contact me with any questions about Chico area real estate.

Interested in learning more about the Chico area or Ryan?
Vaught Properties: Chico Income Property
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Ryan Vaught: Ryan's Residential website
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Keller Williams Chico CA
Office Phone: (530) 343-2959

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16 KIMBERLEE LN, Chico, CA $275,000
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  Beautifully maintained home in great area. Hardwood floors in front room, kitchen/dining area as well as front bath room. Recent remodel in master bath. Built-in entertainment...

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4 DISCOVERY WAY, Chico, CA $279,000
  Residential 3 Bedroom 2 Bath Built in 1994   0.15 Acres  1236 Sq. Ft.
  This home shows like a model! Granite fireplace, newer carpet, newer tile floors, stainless steel appliances, open floorplan. Located on a quiet cul-de-sac. Close to shopping ...

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177 YELLOWSTONE DR, Chico, CA $305,000
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712 LINDEN ST, Chico, CA $338,000
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2855 BANCROFT AVE, Chico, CA $355,000
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  Beautiful mbd built home. 4 bedrooms , 3 full baths,granite counter tops in kitchen , baths and laundry room. Large lot,fenced, landscaped front and rear. Room for a pool and ...

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1678 FILBERT AVE, CHICO, CA $399,900
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5133 OAK HAVEN LN, CHICO, CA $429,500
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