first time home buyers: Real Estate Closing Process
- 03/24/08 10:29 PM
We in the industry often forget that a lot of people are new to the closing process. It is with that thought in mind that i write this. I will start at the beginng, with a buyer finding a house. When the buyer finds a house they like, the first step is to put in an offer. It is important that the offer be as specific as possible. Some courts have held that an offer that is accepted is binding even without a purchase and sales agreement. If the offer is accepted, the next step is a purchase and sales agreement. … (0 comments)
We in the industry often forget that a lot of people are new to the closing process. It is with that thought in mind that i write this. I will start at the beginng, with a buyer finding a house. When the buyer finds a house they like, the first step is to put in an offer. It is important that the offer be as specific as possible. Some courts have held that an offer that is accepted is binding even without a purchase and sales agreement. If the offer is accepted, the next step is a purchase and sales agreement. … (0 comments)
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