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Real Estate Tips
First Time Buyers >Structural Contingency

If you have a house for sale your buyers will probably include a structural inspection contingency in the contract. This allows them to have an expert check out the house, the major systems and the appliances.

A professional structural inspector can help buyers to "know" the house and to feel comfortable with it, but the inspection does not result in a pass or fail grade. The buyers will learn important facts about the house, such as where the water cutoff valve is located, in case of an emergency. The inspection may also help buyers set up a budget for repairs and determine if they want to invest in cost-effective measures to increase energy efficiency.

Buyers rarely back out of a sale after a structural inspection. Even if there are problems, you have the opportunity to negotiate a compromise and to avoid any obstacles that could seriously threaten the sale.

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Real Estate Trivia
Q 
What is a Balloon Mortgage?

A 
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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Mike Hicks, REALTORŪ, real estate agent and broker for Idaho Falls Idaho home listings, property and land for sale - NUMBER1EXPERT(tm)

Mike Hicks
Keller Williams Realty East Idaho

3525 Merlin Drive
Idaho Falls, ID 83404
Office: 208-529-8888
Home Office: 208-227-5320
Fax: 208-529-8893
Email: mikehicks@kw.com
Email : idahofallsmike@gmail.com

A Tennessee native, when you get Mike you get someone who fosters the idea of Southern Hospitality combined with the comforting knowledge that all of the details will be closely managed. Honesty, integrity, trust, dependable, thorough, personable, incredible experience and highly professional are some of the words & phrases commonly used by clients and peers to describe my service. We have to prove those high levels each and everytime we help someone whether it's simply to answer questions or to assist through a real estate event. There is no higher testament to our high service levels than the fact over 90% of my business comes from repeat and referred clients. Give me a try and find out why!

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