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Sheree
cell: (512) 431-8591 fax: (512) 410-3717 Kristee cell: (512) 695-5144 fax: (512) 410-3709 AustinRealEstateLeaders.com Sheree's Austin Blog AUSTIN BUYERSAustin Home Search Featured Homes Buyer's Tips & Articles Dream Home FinderNEIGHBORHOODSCosta Bella Real Estate Lago Vista Real EstateLake Travis Real Estate Lakeway Real Estate Spicewood Real Estate Steiner Ranch Real EstateAUSTIN NEW HOMESAustin Home Builders New Home CommunitiesAustin NeighborhoodsAUSTIN, TEXASAbout Austin, TX Austin Entertainment Austin Area Schools Austin Private Schools Austin Lakes Austin Links Austin Map Austin Golf Courses Austin Highrises Important Numbers Austin MLS Stats (PDF)LAKEWAY, TEXASAbout Lakeway, TX Lakeway NewsletterRELOCATION CENTERRelocation Guide Request InfoAUSTIN SELLERSSellers Info Seller Tips & Articles Marketing Strategy Home ValueABOUT SHEREE LEONARDContact Sheree & KristeeMeet Sheree LeonardSheree's BlogTestimonials About Keller WilliamsHOME FINANCINGMortgage Loans Credit Repair Tips Pre-Qualify for Home Loan Mortgage CalculatorsREALTY RESOURCESReal Estate Glossary Real Estate ResourcesImages on this page are
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Sellers Tips & Articles7 Terms to Watch for in a Purchase Contract The closing date. See if the date the buyer wants to take
title is reasonable for you. Date of possession. See if the date the buyer wants to
move in is reasonable for you. The earnest money. Look for the largest earnest-money
deposit possible; since it is forfeited if the buyer backs out, a large deposit
is usually a good indication of a sincere buyer. Fixtures and personal property. Check the list of items
that the buyer expects to remain with the property and be sure it’s
acceptable. Repairs. Determine what the requested repairs will cost
and whether you’re willing to do the work or would rather lower the
price by that amount. Contingencies. See what other factors the buyer wants
met before the contract is final—inspections, selling a home, obtaining
a mortgage, review of the contract by an attorney. Set time limits on contingencies
so that they won’t drag on and keep your sale from becoming final. The contract expiration date. See how long you have to make a decision on the offer.
Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2005. All rights reserved. |
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