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The most powerful document Without question the offer to purchase is the most powerful document you will be asked to sign in a real estate transaction. In many respects, the physical closing at the title company is simply a confirmation…
Continue readingReader Question: We are making an offer on a home. The inspection contingency has a right-to-cure clause where we give the Seller the right-to-cure any defects found or deny the Seller the right to cure. We asked the agent for…
Continue readingOur reader this week asks about a deadline for receiving an answer to an offer to purchase a home. It is a simple question but leads to the realization that potentially there are many deadlines to follow. This instant is where planning is required up-front to avoid a stressful and frustration filled experience. The expression “the devil’s in the details” may have originated in a real estate transaction.
Continue readingFamilies are the main sources of oral real estate transactions. Mom stiffs son-in-law is not uncommon. Brothers, sisters, cousins, grandpa; no one is immune. The advice to “get it in writing” is as or more important in families.
Continue readingReader Question: If we paid our good faith money to the agent, and the deal doesn’t go through, do we still get that money back, or do we have to go to court? Monty’s Answer: This question is a potential…
Continue readingReader Question: Our agent is suggesting that we write an offer on a home we like to include a contingency that we are willing to pay more for the house if another buyer makes an offer at the same time….
Continue readingReader Question: We have a post closing occupancy problem. We closed on our home purchase in December. The contract calls for the seller to vacate 30 days after closing. The date and time set to deliver the keys and final walkthrough…
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