Alameda, CA - Erin Chan-Adams, a highly regarded real estate professional with 12 years in the industry, has released essential guidance for homebuyers navigating the competitive East Bay market. With her background as both a real estate attorney and a full-time agent, Chan-Adams offers valuable insights into contract contingencies that protect buyers' interests and earnest money deposits.
As a real estate agent in Alameda, CA with extensive legal expertise, Chan-Adams emphasizes the importance of understanding contingencies in real estate contracts. "Contingencies are buyer protections. If you cancel your contract without protected legal justification after making an offer, you risk losing your earnest money deposit—often tens of thousands of dollars in the East Bay," explains Chan-Adams.
The Realtor in Alameda, CA highlights three critical contingencies that should be discussed with clients: appraisal contingencies, which protect buyers when property values come in lower than purchase prices; loan contingencies, which safeguard deposits if financing falls through; and inspection contingencies, which allow buyers to conduct thorough property examinations without risking their deposit.
Unlike many real estate agents in Alameda, CA who might encourage waiving contingencies to compete in a hot market, Chan-Adams takes a more measured approach. "I never advise anyone to do anything they're uncomfortable doing," states Chan-Adams. "But the reality is that the East Bay market is very competitive. Sometimes waiving contingencies is necessary to be on an equal playing field."
"My background as a real estate attorney gives me unique insight into these contract protections," says Chan-Adams. "I've helped hundreds of buyers navigate these complex decisions while protecting their financial interests."
Homebuyers seeking guidance from a trusted real estate agent in Alameda, California can contact Erin Chan-Adams for a consultation about their specific needs. Visit https://chanadamsrealty.com/ to learn more about her services and schedule an appointment to discuss your real estate goals with a professional who brings both legal knowledge and market expertise to every transaction.
Media Contact
Company Name: Erin Chan-Adams | Real Estate Agent in Alameda CA
Contact Person: Erin Chan-Adams
Email: Send Email
Phone: 1 415-370-7228
Address:1410 Park Avenue
City: Alameda
State: California
Country: United States
Website: https://chanadamsrealty.com/
