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Steve Baker and Associates

All agents are NOT alike! Find out why we are top real estate experts. Call us: 623-879-9244.

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  • Why Sellers Choose Steve Baker and Associates - Why home sellers in Glendale, Phoenix and Peoria choose Steve Baker and Associates.

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Real Estate Tips
First Time Buyers >Inspection Contingencies

Many of today's purchase offers include a contingency clause that allows the buyers to hire a home inspector or professional expert to inspect the property. If there is a significant defect in the property, the buyer can cancel the contract without losing the earnest money deposit. Contingencies are excellent procedures that protects both the buyer and the seller.

The time period for inspection contingencies is negotiable. In most parts of the country, the buyers have about a week in which to cancel the contract if the structural inspection reveals a serious and consequential defect. The positive side to such contingencies is that the inspection usually addresses--and overcomes--the buyers' misgivings, and confirms their decision to move ahead with the purchase.

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Real Estate Trivia
Q 
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?

A 
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year.
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Steve Baker and Associates, REALTOR®, real estate agent and broker for Glendale, Phoenix and Peoria, Arizona home listings, property and land for sale - NUMBER1EXPERT(tm)

Steve Baker and Associates
PRO-FORMANCE REALTY

3233 West Peoria Ave. Suite 201
Phoenix, AZ 85029
623-879-9244
Fax: 623-670-5970
stevebaker@NUMBER1EXPERT.com


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