GAR Contract Revision 5/1/17 - All Cash Buyer Using Mortgage to Buy??

By
Services for Real Estate Pros with Maximum One Realty - Managing Broker

The 2017 Georgia Association of Realtors (GAR) Purchase & Sale Agreement has a provision that either party may extend the contract unilaterally (i.e. without the other party's agreement) for various specific reasons.  One of those reasons includes if a mortgage lender cannot fulfill his/her duties "even in an ALL CASH transaction." What does that even mean?!?!  Watch the video to find out what that means and what exhibits the parties should negotiate for clarification.

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Dana (Lerner) Sparks

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