While the pandemic hasn’t stopped Columbus home buyers, some are questioning if COVID-19 contingencies should be in the purchase offer. As Exclusive Buyer’s Brokers, we’re happy to share our thoughts on the matter!
First, when you become our Buyer-Client, you get the benefit of our buyer-centric contracts. Our purchase contracts are designed to protect home buyer interests in virtually all market conditions and situations. Plus, we can include specific contingencies or addendums to meet your unique needs.
The contingencies we use are designed to provide the best possible buyer protections. For example, if an income loss causes your mortgage approval to be withdrawn, this would be covered under the Financing contingency. It short, it allows you to exit the deal, without penalty, if you are unable to secure financing for the home purchase. Whether the income loss is pandemic-related or not doesn’t matter.
If you are concerned about unexpectedly becoming ill, we can include language in your purchase offer to allow for reasonable time extensions. It’s usually in everyone’s best interests to modify a closing timeline, when necessary and when possible, rather than lose the deal altogether.
Regarding access to homes during the pandemic, we can tell you that most sellers have accommodated showings, home inspections and appraisals while taking sensible precautions.
In short, having contingencies for COVID-19 may be trendy, but it’s wiser to use broader contingency language that covers your interests no matter what. If you do have a specific contractual concern related to COVID-19 or any other matter, we will help you find the best approach. After all, we’re on your side!
As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.
Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!
Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services www.BuyersHome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax