1. Inspection contingency: A home inspection contingency is recommended by real estate agents that you will get a licensed home inspector to check the property within a specified period (typically seven days) after you sign the purchase agreement. This is will give you vital information on any issues that may not be easily seen when you first look at the house. Inspectors will check out the heating, electric, the roof etc. and make suggestions for repairs that are necessary.

2. Financing contingency: is to ensure that if you can't obtain a loan, you'll be able to get your earnest money deposit back if for any reason you are unable to obtain financing. The clause specifies that you have a certain number of days within which to get your mortgage approved by your lender.

3. House-sale contingency: prior-sale contingency in the contract for your new home provides an opportunity to withdraw your offer if the offer on your existing home does not sell by a certain date. It depends upon how the offer is written whether your earnest money deposit will be refunded.

4. The appraisal contingency: the appraisal should come in within 5% of the sale price. If the appraisal comes in much lower than the agreed upon price, you have the right to renegotiate with the seller.

Come to the Land of Enchantment and we at New Mexico Mountain Properties will assist you to find that perfect piece of Taos real estate. Whether you are looking for Taos homes or condos for sale in Taos, our New Mountain Properties real estate brokers can help you find the right Taos property for you. Or....allow us to find you a Taos lot for sale or even larger Taos acreage to build your dream home. Our real estate brokers are experts on finding the perfect Taos land for sale for you. You can contact us at our Taos real estate office 575-758-5852 or check out our website www.highmountainproperty.com.

Angel Fire is known for its great weekend getaways or vacation trips with a variety of activities to do year round. While enjoying the beautiful outdoors why not look for your next Angel Fire land to build a home. We have everything from small lots within the Angel Fire Resort to 10-20 acres in our spectacular communities of Taos Pines Ranch and Hidden Lake. New Mexico Mountain Properties real estate brokers are here to assist you so give us a call at our office in Angel Fire at 575-377-2626. We are committed to helping you find an Angel Fire condo or an Angel Fire home for sale that will suit your needs. Call us at our Angel Fire office at 575-377-2626.

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