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Real Estate Contracts >Deadlines
Both buyer and seller should be aware of all of the deadlines in their purchase agreement. Each contract is different, but there are usually time limits covering the structural contingency, the financing application, the loan commitment, and the closing.
If you are a careless buyer, you could lose your right to ask a seller to pay for needed repairs. There may be a limit on the time the seller has to respond to the buyer's request to complete repairs that are not required by the contract. Failure to apply for your mortgage on time may place your deposit at risk if the loan is denied. In many cases, the agreement can be declared null and void by the seller if financing is not approved within the time frame set forth in the contract. A delayed closing can cost the sellers money, and they may ask the buyer to reimburse these expenses.
Work closely with your real estate agent to ensure that all of your transaction deadlines are met.
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Legend has it that when Brigham Young first saw this city in 1847, he exclaimed: "This is the place!"
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Salt Lake City, Utah. |
 See More Real Estate Trivia > |
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Michael Robles
Coldwell Bankers Previews International
400 Primrose Rd.
Burlingame, CA. 94010
Phone: 650-637-9900
Fax: 650-347-4067
Email: Mike@RealtorRobles.com
As a midpeninsula native, I have spent over 40 years living in one of the world's greatest locations. For almost 20 years my full time business has been practicing real estate in this area. My familiarity with my market place and the wealth of experience that I have gained while negotiating hundreds of transactions over the years is truly an advantage to the clients that I represent. As an agent, I continuously strive to create a comfortable working atmosphere and to promote open and timely communications so that my clients have all the information they require throughout the buying and/or selling process. The areas that I serve are Burlingame, San Mateo, Hillsborough, Belmont, San Carlos, Redwood City, Redwood Shores, Menlo Park, Atherton, Woodside and surrounding areas. To discuss your real estate needs, contact me at (650) 637-9900.   
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