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Important Clauses To Include In any Hawaii Kai Real Estate Purchase Contract
Once you've found a piece of Hawaii Kai real estate that you like, the next step is the purchase offer. Buyers are often times intimidated by what seems to be a complicated legal document. In reality, the purchase offer is much simpler once it's explained and properly understood. In this article, we will give a brief overview of the purchase offer process, including the most important clauses to include in your purchase offer.The purchase offer is a binding legal document that covers all the details of the sale. It includes the sale price, contingencies, financing details, closing costs, repairs needed, closing date and a lot more. The selling price is obviously the most important factor in a purchase offer. However, the clauses you include in your purchase offer are also vitally important. The clauses or contingencies in the contract are what protect you from making a purchase before you have all the information you need.Some of the more important clauses to include in your contract are:1) The Inspection ClauseOn any property you put an offer on, this is an absolute must. This clause states that as the buyer, you have the right to inspect the property. The offer is contingent on ... more
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