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Real Estate Contracts >Purchase Agreements
Whether it consists of several pages of big type or a few pages of fine print, a real estate purchase agreement is a serious, legally binding document. In most areas, there are "boiler plate" forms that spell out what each party agrees to do by certain dates and what happens if either side breaks the contract.
The best time to familiarize yourself with these forms is when you are beginning your search. Ask the real estate agent for a copy of the purchase agreement and then review it, keeping in mind that it has the force of law. If you don't understand the document, consult an attorney. If there is a dispute between buyer and seller, a court will hold you to what the purchase agreement specifies, not what you thought it meant or what you thought the real estate agent said it meant.
There are several key points you should be clear about. What are the deadlines for loan application and obtaining financing? If you decide to back out because of the structural inspection report, can you do that? Do appliances convey? When will the closing take place? If you understand these clauses before you find the perfect house, you will avoid a lot of stress and minimize the likelihood of misunderstandings.
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| Q |
What oceanfront area is currently the most popular choice among people searching for second homes and vacation homes?
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According to statistic published early in 2005, the Florida coast is the most sought-after vacation and retirement destination in the United States.
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Megan Stultz
Nathan Grace Real Estate
14375 Liberty Street
Montgomery, TX 77356
Direct: 936-537-2587
Fax: 936-597-6395
megan@meganstultz.com
meganwest@NUMBER1EXPERT.com
Megan's objective is to earn your business and referrals through professional aggressive marketing and strict attention to your needs and concerns. Her knowledge of available inventory allows her to find the perfect property for you. Because she lives and works in the Lake Conroe area, Megan is knowledgeable and familiar with every aspect of this community. After all, Lake Conroe is her neighborhood! As one of America's #1 Real Estate Experts™ in the Lake Conroe area, Megan is well equipped to guide you through all your real estate needs. Call or email her today!!!    
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