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Buying or selling a property for the first time is a massive commitment that comes with a number of challenges. In this post, ...
Real estate sales contracts were canceled at a higher rate in June than since the pandemic-related housing boom began: Nearly 15 percent of them were canceled that month, according to analysis by ...
A lot depends on the details of your specific contract. Legally, a seller’s best bet for successfully backing out of a sale ...
The typical real estate sales contract includes not just a price and a closing date but also a number of clauses, any of which can trip up the buyer or seller and scuttle the deal.
Q-On Labor Day, 1988, in front of several family members my uncle agreed to sell me his home for $89,000 on the condition that he and his wife can remain rent free in it until they are admitted to … ...
Home sales fixture problems can be prevented by not only understanding the law of fixtures but by using a well-written sales contract. A contract clause that avoids fixture misunderstandings reads ...
Most real estate sales contracts require that the settlement occur on a date certain. If the contract provides that “time is of the essence,” that means that if the settlement does not occur ...
If any of part of your contract doesn't make sense, ask your real estate agent to explain it. Besides the real estate contract, many states also require written disclosures prior to the sale.
In real estate law, specific performance is an order of the court requiring a party to perform a specific act, often the completion of the requirements of a contract. Real estate transactions are ...
For the buyer, a land contract is an alternative to getting a mortgage or paying cash to buy a home. For the owner, it’s a way to sell property a bank may not want to finance. It can also be a ...
The coronavirus is changing real estate sales contracts. The shift looks permanent By Rebecca San Juan. Updated May 28, 2022 11:43 PM. Miami.