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Real Estate Tips
Real Estate Contracts >Deadlines

Both buyer and seller should be aware of all of the deadlines in their 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.

If you are a careless buyer, you could lose your right to ask a seller to pay for needed repairs. There may be a limit on the time the seller has to respond to the buyer's request to complete repairs that are not required by the contract. Failure to apply for your mortgage on time may place your deposit at risk if the loan is denied. In many cases, the agreement can be declared null and void by the seller if financing is not approved within the time frame set forth in the contract. A delayed closing can cost the sellers money, and they may ask the buyer to reimburse these expenses.

Work closely with your real estate agent to ensure that all of your transaction deadlines are met.      

See All Tips In The "Real Estate Contracts" Category >
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Real Estate Trivia
Q 
What famous person said this? "Real Estate is the best investment in the world because it is the only thing they're not making anymore!"

A 
Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star.
See More Real Estate Trivia >


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Lauren Bisbee, REALTOR®, real estate agent and broker for Sandpoint, Sagle and Hope, Idaho home listings, property and land for sale - NUMBER1EXPERT

Lauren Bisbee
Keller Williams Sandpoint

212 N. 1st Ave, Suite 101
Sandpoint, ID 83864
Cell: 208-627-8819
Fax: 208-265-5151
laurenbisbee@NUMBER1EXPERT.com

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