Buying real estate is one of the most important purchases a person can make. The process includes finding the ideal property, negotiating an acceptable purchase price, obtaining financing, reviewing inspections, and finally, closing the transaction. With preparation and following certain easy-to-follow steps the process can be stress and worry free.

What Are the Most Common Contingency Clauses?

Sandy Gadow

Common contingency clauses include: Financing Contingency: allowing Buyers a specified amount of time to obtain a loan commitment and financing which is acceptable to them Inspection Contingencies: depending on your state law, contingency clauses can be written to cover property … Continue reading →

What Should The Purchase Agreement Include?

Sandy Gadow

The Purchase Agreement (or Residential Purchase or Sales Agreement and Deposit Receipt) is the overriding document that will dictate the terms of your purchase or sale.  It is a legal, contractual document, and the provisions are binding.  Whether you have … Continue reading →

What Home Buyers Need to Know about Seller Disclosures

Sandy Gadow

It’s all too easy for property buyers to be lulled into a false sense of security by the seller’s reported disclosures about potential issues with the house you’re considering buying. Although all states require some form of property disclosure statement, the … Continue reading →

 

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