What should sellers look for when reviewing their contract with a buyer? There are seven important points I would like to mention today.
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When you get an offer on your home, what items should you be looking for in the contract to make sure you have covered all your bases?
Today I will tell you. There are seven must-have conditions any real estate contract should have. Here is what you should be looking for:
1. What are the finance terms? Whether a buyer is paying cash or using a loan, it is important to have an understanding of these terms and how they impact you as the seller.
2. Is the buyer asking you to pay any closing costs?
3. Who is paying for what in the transaction? Knowing how expenses have been broken down will be crucial.
4. Is the buyer having an inspection? If they are, the amount of time that will take and what the buyer expects of you after receiving the results should all be spelled out in the contract.
There are seven must-have conditions any real estate contract should have.
5. Have you listed all of the appliances and fixtures that are staying with the property? If there is anything you plan on taking with you, make sure this is specified in the contract.
6. What is the closing date? Beyond this, you should also be aware of when the buyer plans to take possession.
7. Is there another home being sold? If the buyer is also selling a property, this could have a significant impact on your transaction.
There are a lot of things to think about when you are selling, which is exactly why you need professional guidance. I may be biased, but I think my team is the right choice for this job.
If you have any other questions, would like more information, or are curious about how we can help you meet your real estate goals, feel free to give us a call or send us an email. We look forward to hearing from you soon.
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