Protecting Yourself When Writing An Offer... Episode 270
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Protecting Yourself When Writing An Offer... Episode 270
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Protecting Yourself When Writing An Offer...
...so that you don't feel trapped if things go wrong
There are number of contingencies that can be put into an offer
that would help a buyer feel more comfortable while under contract
keep in mind that adding a lot of moving parts might
make the deal more complex and less attractive to a seller
if it's a competitive offer siutation it would make sense to limit these
some of the basic and somewhat customary contingencies are:
- time for seller to accept the offer
- number of days to make escrow
- home inspection period
- appraisal contingency
- loan approval
- sale of the buyers home
- closing date
there are a number of other contingency clauses
that can be used for special circumstances
and in most deals there is some give and take
between the buyer and seller where they find common ground
tune into todays show for all the details on contingencies
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