Contingenciesin a real estate contract allow either one of the parties to back out of the deal if certain specified conditions are not met. This could include a home inspection that reveals serious problems with the home or the purchase being contingent upon the buyer securing financing (see abo...
Contingencies in a real estate contract allow either one of the parties to back out of the deal if certain specified conditions are not met. This could include a home inspection that reveals serious problems with the home or the purchase being contingent upon the buyer securing financing (see ...
Closing a real property asset transaction, such as a sale of residential or commercial real estate, often involves coordinating a defined timeline of actions that are typically carried out by multiple parties. Inefficient workflow delays in completing certain actions may cause other delays in the proc...
The property should match what was agreed upon in the contract. Please ensure everything is as it should be, and test everything you can. Check all functioning appliances, toilets, doors, windows, and light fittings. If something is wrong, your agent will alert the seller’s real estate ag...
“An easy way to find out if the home is located in an HOA community is to review any seller or property disclosures available from your real estate agent or the listing agent. Start the application process with the HOA once the home is under contract and well before your closing is ...
It’s important to remember that the customs and legal requirements governing real estate transactions vary substantially from place to place. While the following is a general timeline and description of what you can expect (and when) between the day you submit your purchase offer and the day yo...
Simultaneous closing (SIMO) is a real estate financing strategy in which two transactions occur together when closing a single property. A SIMO is buying a property to sell it the same day. Buyers commonly find a property and get it under contract, which includes the option to market the pro...