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Real Estate Contracts >Purchase Agreements
Whether it consists of several pages of big type or a few pages of fine print, a real estate purchase agreement is a serious, legally binding document. In most areas, there are "boiler plate" forms that spell out what each party agrees to do by certain dates and what happens if either side breaks the contract.
The best time to familiarize yourself with these forms is when you are beginning your search. Ask the real estate agent for a copy of the purchase agreement and then review it, keeping in mind that it has the force of law. If you don't understand the document, consult an attorney. If there is a dispute between buyer and seller, a court will hold you to what the purchase agreement specifies, not what you thought it meant or what you thought the real estate agent said it meant.
There are several key points you should be clear about. What are the deadlines for loan application and obtaining financing? If you decide to back out because of the structural inspection report, can you do that? Do appliances convey? When will the closing take place? If you understand these clauses before you find the perfect house, you will avoid a lot of stress and minimize the likelihood of misunderstandings.
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What Las Vegas hotel is famous for its casinos and is the largest hotel in the US.?
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With 5,012 rooms, the MGM Grand Casino is considered the largest hotel in the US. |
 See More Real Estate Trivia > |
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Erik Johnson's Dream North Team
RE/MAX First, Llc
8583 Highway 51 North
PO Box 142
Minocqua, WI. 54548
Phone: 715-892-1234
Fax: 715-356-1849
Email: erikjohnson@NUMBER1EXPERT.com
Erik Johnson, Broker Owner of Re/Max First, LLC, and the Dream North Team are here to serve you with all of your Real Estate inquiries to fulfill your Northwoods Dreams in the Minocqua area. Erik has over 12 years of sales experience and is a proven top producer with CRS and GRI
designations, ReMax Hall of Fame Member, Platinum Club Member 2004-2008... Prior PGA golf professional he can even give golf tips..(free) we look forward to meeting you soon...
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