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Real Estate Tips
Real Estate Contracts >Sales Contracts
The purchase or sale of a home is one of the most complicated business transactions most people will be involved in during their lifetime. Whether the print is large or small, there is a lot of it! The purchase agreement covers not only the price of the property, but has many paragraphs governing the terms under which it will be conveyed to the new owners.
When you list your home for sale or when you begin your search for a new home, ask your real estate agent for a copy of the standard sales agreement. Familiarize yourself with the document ahead of time, and make certain you understand the responsibilities of both parties between the initial meeting of the minds and the closing date. You should be aware of all of the deadlines in the purchase agreement. Each contract is different, but there are usually time limits covering the structural contingency, the financing application, the loan commitment, and the closing.
You greatly increase the chances of a smooth transaction by being fully informed about the sales contract.
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Real Estate Trivia
| Q |
What is currently the most sought-after amenity in the majority of upscale homes?
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| A |
Technology that "enables" a home with features such as structured integrated wiring and broadband Internet access is the current amenity of choice. |
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GRIMLY FORET, No BS Real Estate Guy!
RE/MAX of Wilmington
5307 Limestone Rd. Suite 100
Wilmington, DE 19808
302-777-5987
Fax: 302-442-7047
REALTORŪ, Certified Real Estate Negotiator (CREN), Certified Distressed Property Expert (CDPE), Real Estate Marketing Strategist, Residential & Investment Real Estate   
www.NoBSRealEstateGuy.com
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