tips: Purchase Contract Tips
- 03/02/07 01:47 AM
7 Terms to Watch for in a Purchase Contract1. The closing date. See if the date the buyer wants to take title is reasonable for you.2. Date of possession. See if the date the buyer wants to move in is reasonable for you.3. The earnest money. Look for the largest earnest money deposit possible; since it is forfeited if the buyer backs out, a large deposit is usually a good indication of a sincere buyer.4. Fixtures and personal property. Check the list of items that the buyer expects to remain with the property and be sure it's acceptable.5. Repairs. Determine what … (0 comments)
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7 Terms to Watch for in a Purchase Contract1. The closing date. See if the date the buyer wants to take title is reasonable for you.2. Date of possession. See if the date the buyer wants to move in is reasonable for you.3. The earnest money. Look for the largest earnest money deposit possible; since it is forfeited if the buyer backs out, a large deposit is usually a good indication of a sincere buyer.4. Fixtures and personal property. Check the list of items that the buyer expects to remain with the property and be sure it's acceptable.5. Repairs. Determine what … (0 comments)
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