The purchase agreement contains important information that maps out how a transaction should go.
I’m David Sheppard, Sales Manager at Guarantee Real Estate, with some important things to consider when reviewing that agreement.
Whether it’s your first time buying or selling a home, or if you’ve bought and sold many homes over the years… you may be surprised by some of the terms within the purchase agreement.
Contingency periods, for example, are a vital part of a purchse and are what give buyers and sellers a way out if needed… and also specify how much time a buyer has to line up inspections, appraisals, loan approval, replacement home contingencies and more.
Agent selection is key; they will need to understand the wants and needs of the buyer and seller to better guide you in making the strongest offer possible; price is not always the most important term to a seller. So knowing what the seller needs in order to move on can help ensure a much better buying experience.