Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. Remember: As top Brainerd Lakes Area, Brainerd and Gull Lake area real estate agents, it's our job to know more about a property than any web site. Make sure you have the most current information! 
 |
Real Estate Contracts >Purchase Agreements
Whether it consists of several pages of big type or a few pages of fine print, a real estate purchase agreement is a serious, legally binding document. In most areas, there are "boiler plate" forms that spell out what each party agrees to do by certain dates and what happens if either side breaks the contract.
The best time to familiarize yourself with these forms is when you are beginning your search. Ask the real estate agent for a copy of the purchase agreement and then review it, keeping in mind that it has the force of law. If you don't understand the document, consult an attorney. If there is a dispute between buyer and seller, a court will hold you to what the purchase agreement specifies, not what you thought it meant or what you thought the real estate agent said it meant.
There are several key points you should be clear about. What are the deadlines for loan application and obtaining financing? If you decide to back out because of the structural inspection report, can you do that? Do appliances convey? When will the closing take place? If you understand these clauses before you find the perfect house, you will avoid a lot of stress and minimize the likelihood of misunderstandings.
|
|
| Q |
What is the average price for a home in the United States?
|
| A |
According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000. |
 See More Real Estate Trivia > |
|
|
The Nelson Torfin Real Estate Group
Positive Realty
15244 State Hwy. 371
Baxter, MN 56425
Tel: 218-829-6233
Fax: 218-829-0097
Email: info@Lakehome.com
“Never doubt that a small group of thoughtful, committed people can change the world, indeed, it’s the only thing that ever has”
-Margaret Mead   
www.Lakehome.com is brought to you by
The Nelson-Torfin Real Estate Group
NUMBER1EXPERTS™ in real estate for
Brainerd Lakes Area, Brainerd and Gull Lake, Minnesota, lakeshore, waterfront Read The Nelson-Torfin Real Estate Group's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed. |
- NUMBER1EXPERTS™ 
