1. We contracted to buy a home and discovered major undisclosed issues. We backed out, and now the seller will not release our deposit. What should we do?

    Reader Question: We signed a contract on a home. In reviewing disclosures, everything seemed ok. We found out a week later that the city water and sewer was confirmed to run under the house and through the middle of the back yard and also services three properties to the south. We also learned the water […]

    May 29, 2017
  2. Home buyers question error in agent thinking

      Reader Question: Monty, we want to make an offer on a house. Our agent wrote up a contract with a financing contingency that says “subject to buyer obtaining financing.” We are wondering if that wording is enough. We asked, and the answer was “you either get a loan or you don’t.”  Is our agent […]

    July 28, 2014
  3. Understanding the importance of home buying contingencies

    What are home buying contingencies? Home buying contingencies are contractual requirements regarding fundamental aspects of the transaction upon which settling the contract is dependent. Because a home is an expensive and complex structure, it is often difficult or costly to address all issues prior to agreeing on the terms of a purchase or sale. The real […]

    May 26, 2011