contract: Coinciding Settlements Clauses – Funding Issues
- 03/10/17 07:52 AM
People who are selling their home in order to buy another frequently put a “coinciding settlements” clause into their contract offer on the new home. The purpose of this is usually twofold. In this article, we discuss the first purpose which is to use funds from the old home to pay for the new one. How Coinciding Settlements Work A coinciding settlement clause usually says something along the lines of “settlement under this contract is contingent upon the settlement of the contract for the sale of the Purchaser’s property located at 1234 Spring Valley Drive…” It typically goes on to state the maximum … (0 comments)
contract: Read your contract carefully
- 03/07/17 10:23 AM
Read Your Contract Carefully Many renters barely even skim their rental agreement before signing their name at the bottom. Most renters are primarily concerned with the monthly charges, one time only fees, required deposits and other financial matters. Once they verify this information is accurate according to their conversations with the leasing agent, they often sign the agreement with no questions asked. This is a mistake because a rental agreement is a legal contract which may have a host of important information which the renter should be aware of before signing the document. Considering a Roommate? Those who are considering the possibility of a … (1 comments)
contract: Renting with Dogs
- 01/25/17 07:38 AM
Renters who have a dog or more than one dog may face additional challenges when renting an apartment or a house. One of the primary challenges the renters may face is finding a living situation which is acceptable to them and also willing to accept their pets. This can be difficult as many rental properties do not allow dogs at all. Those who do allow animals on the property may place certain restrictions on they size and breed of dog which may reside on the property. Finding an Acceptable Living SituationThe first step in renting with dogs is to find an acceptable living … (2 comments)
contract: Simple Steps to Buy a Home
- 09/28/15 05:43 AM
I’m going to buy a home, what’s the process? Go to your bank or lending institution to obtain pre-approval. As part of this you will discover what amount it is willing to lend. This is important both to know your budget and to ensure that your offers are accepted. Failure to pre-approve can ruin your chances for success later. Sit down with a Realtor to see what’s available, what meets your needs, and to discover the hidden dangers in home buying. Once you have found a property you wish to buy you can proceed with an offer. Your Realtor will provide … (0 comments)
contract: The importance of reading the contract
- 07/01/14 04:58 AM
The importance of reading the contract, is an unique article relevant to Realtors and Real Estate. To see more about the importance of reading the contract, go to the article underneath. I have always joked when signing an agreement that I will read it later. It really is not such a good joke. Once while going over a listing contract with a potential seller, she asked me to read every section and then explain it to her. It took over 2 hours, but in the end she and I both new the listing contract really well! I tell my clients that … (0 comments)
contract: How to Submit a Competitive Offer
- 05/08/14 03:37 AM
How to submit a competitive offer, is an interesting article relevant to Real Estate industries through out the world. For more specific information on how to submit a competitive offer, continue reading below. How to Submit a Competitive Offer With inventories of available homes sliding ever downward, real estate markets across the country are becoming more competitive. It seems like only yesterday that buyers were in the driver's seat, able to take their time with the purchase process. Today, it's a whole different story. Nationwide, the inventory of available homes has shrunk to its lowest level in 13 years. At the … (3 comments)
Neighborhood notes, local features and tips for buyers, sellers, renters and landlords in Northern Virginia especially Alexandria, Arlington, Fairfax and Falls Church. Including fast and free property search tools.
People who are selling their home in order to buy another frequently put a “coinciding settlements” clause into their contract offer on the new home. The purpose of this is usually twofold. In this article, we discuss the first purpose which is to use funds from the old home to pay for the new one.
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