Purchase agreements must be extremely clear as they specifically outline the conditions everybody must meet in order to complete the transaction. If other terms or conditions are negotiated after the agreement has already been signed, an addendum can be added, but both sides will need to sign aga...
Real Estate Purchase Agreement Acknowledgment Down Payment on Purchase Addendum Clauses for Purchase Contracts Affidavit & Memorandum Amending Agreement Assignment of Contract Assignment Form Assignment of Lease and Consent Assignment of Contract for Purchase of Real Estate ...
I have handled countless cases enforcing and defending real estate contracts, particularly involvingOffers to PurchaseandPurchase and Sale Agreements. For buyers, these cases typically involve the standard form Offer (or Contract) to Purchase, a one or two page short form contract, which under Massac...
A badly managed bidding war can end in disappointment for the seller if the potential buyers feel misled or used – after all, no one wants their offer shopped around. Many real estate markets across the country right now are marked by lowinventory. This is due in large part to higherint...
AddendumA document that is added to a real estate contract or purchase agreement. AmortizationRepaying a debt over a set period of time. Annual percentage rate (APR)The interest rate along with other fees that you can expect to pay when securing a mortgage loan. Appraisal An approximation of...
In the case, the buyer, David Ferguson, and the seller, Joyce Maxim, signed the standard form Offer to Purchase put out by the Massachusetts Association of Realtors for the sale of residential property in Leominster. (For my post comparing the MAR form with the Greater Boston Real Estate Bo...
A friendly real estate agent or title company can provide you with a purchase contract and other forms you may need to complete a real estate transaction. But unless you are willing to reciprocate with future business, a referral or some other form of compensation, they may not be willing to...
s attorneys will create an addendum to the contract and personalize the contract to this transaction. Attorney Fees vary but generally are one set fee, versus the typical hourly rate that can get costly quickly. Real Estate Lawyers of New Jersey, for example, estimates $1,000 for representing...
Sellersalwayswant to sell “As Is” if possible. They don’t want to have to do repairs, to spend the time or the money to fix what may not be perfect. This is an extremely important area to research, weigh, and understand prior to drafing your real estate purcha...
"ad valorem is Latin for ""According to Value"" - A tax based on the assessed value of real estate or personal property." Addendum An addition to a contract or agreement adjustable-rate mortgage (ARM) A mortgage in which the interest changes periodically, according to corresponding fluctuations...