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It is common for the buyer and seller to complete a "binder". This is either an outline of the proposed sales contract between the buyer and seller or the contract itself. It includes:
(1) the property address
(2) the names of the parties involved (the buyer and...
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A sellr accepts and offer, can he/she change his/her mind?
A buyer can withdraw an offer anytime up until the offer is accepted by the seller. After that, the seller may owe the commission to the broker, and may well turn around and sue the buyer for breach of contract to...
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In addition to everything else, the contract should include an "inspection contingency clause"; that is, what happens if the buyer's inspection does reveal problems with the property.
Small problems, like leaky faucets, loose light fixtures or doors that don't close...
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Looking for guaranteed returns on your real estate investments?
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That's the opinion of about 500...
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It's about to become easier to find a home for sale by Uncle Sam.
Using a new website, would-be home buyers can locate houses being sold by the Department of Housing and Urban Development, the Department of Veterans Affairs and the Department of Agriculture.
Together,...
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These days many agents will ask their buyers to sign a buyer broker agreement. But what does the contract mean for the buyer and the agent? Is it really a win-win situation for all?
“A buyer broker agreement creates no obligation on the part of a buyer to purchase a home;...
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