Contracts

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Contracts What is a Purchase and Sale Agreement? Great question! What is it? The purchase and sale agreement is the contract that is used to purchase real property. What is real property? Essentially, it is dirt. Dirt in a specific area that comes with a deed to that location. It can be a house or it can be the land a house is […]
Contracts What is a Financing Contingency? Excellent question. I’m glad you asked! The financing contingency is part of the purchase and sale agreement. It is a clause that states if the buyer is unable to secure financing (e.g., a mortgage), they can terminate the transaction, and their earnest money will be returned. It is part of the financing addendum (Form 22A […]
Contracts What is a Buyer’s Agency Agreement? Great question! Thanks for asking! To get this out of the way, I am not a lawyer. I’m a real estate agent. While I use these contracts and am well versed in them, you should check with your local state laws. The United States is a Republic of States. If you haven’t noticed recently, not […]
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