All Posts Tagged With: "agreement"
Can We See Another Buyer’s Offer For A House?
Question: We made an offer on a home. The broker representing the sellers said a higher offer had been received and asked if we wanted to raise our bid. We declined, but here’s the question: How do we know there was another bid or that it was higher? Answer: One of the most difficult issues [...]
16Mar2009 | Peter G. Miller | 2 comments | Continued
Can I Back Out Of A Real Estate Listing Agreement?
strong>Question: What happens if you list a home with a real estate broker and then decide you don’t want to sell? Can the broker make you sell the property? Answer: No. You cannot be forced to sell. However, there can be financial consequences. A listing agreement is a contract between a property owner and a [...]
9Oct2008 | Peter G. Miller | 0 comments | Continued
Real Estate Escalator Clauses — When Is It Time To Hop On Board?
Is the housing market so hot in your community that bidding wars are breaking out? If yes, you’re likely to meet a little something called an “escalator” clause, a bit of contract writing that may help you win a home — but at a price. The way it works is that homes in Sellersville are [...]
7Sep2008 | Peter G. Miller | 0 comments | Continued
How Quickly Must I Apply For A Mortgage?
Many sale agreements require buyers to apply for a mortgage within a specific time period, say seven to ten calendar days after the contract is signed. This is a negotiable item, however, and can be any period agreeable to both parties. This is an important matter because if an application is not made, then a [...]
31Aug2008 | Peter G. Miller | 0 comments | Continued
Can I Get A Real Estate Sale Agreement Online Or From A Hardware Store?
The opinion here is that standardized (national) buy/sell forms should not be used. Okay, the use of such forms is a bad idea. The reason is that sale agreement forms often require local content; without such content they may be void or voidable OR they might not reflect your interests. For instance, in one community [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
I need to move. How can I break my lease?
You cannot break a lease without consequences. After all, if tenants can break a lease then why can’t property owners? If you need to move but have time remaining on a lease, the best approach is to contact the owner or property manager, explain the situation, and offer to help find a new tenant. It [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
What is “specific performance?”
Real estate transactions are based on written agreements between buyers and sellers. Such agreements typically have a number of clauses to assure that each party obtains certain benefits — basically the seller wants cash and the buyer wants the property. Whatever the price and terms of the sale agreement, it is expected that both parties [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
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