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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.
Jim, Caroline and the Davis
Team Realty World South 1874 Slaughter Road Madison, AL
35758 Phone: 256-325-8500 Fax: 256-325-8504 Email:
huntsvillesold@NUMBER1EXPERT.com
Absolutely Accessible -- Marketing,
Promotion, and Profit for Property Owners. When you need the assistance of a
Realtor, Jim, Caroline and the Davis Team are Absolutely Accessible. We
dont just sell homes (even though we do it faster) we give quality,
competent representation for buyers. Our track record of exceptional
representation for Buyers and Sellers is unparallel in the market today. The
old ways of sticking a sign in the yard and waiting for a call are gone.
Information on our new proactive approach is found in our complete marketing
package that is available to prospective customers free of charge and
obligation. Call or email us today for your free package. 800-515-9959 / 256-651-8500
Jim, Caroline and the Davis Team Realty World South 1874 C Slaughter Road Madison, AL 35758 Phone: 256-325-8500 Fax: 256-325 8504 Email: HomeJames@knology.net
Absolutely Accessible -- Marketing, Promotion, and Profit for Property Owners. When you need the assistance of a Realtor, Realty World South and our team of professionals are Absolutely Accessible. We don’t just sell homes (even though we do it faster) we give quality, competent representation for buyers. Our track record of exceptional representation for Buyers and Sellers is unparallel in the market today. The old ways of sticking a sign in the yard and waiting for a call are gone. Information on our new proactive approach is found in our complete marketing package that is available to prospective customers free of charge and obligation. Call or email us today for your free package. 800-515-9959 /256-325-8500
www.huntsvillesold.com is brought to you by
Jim, Caroline, and the Davis Team NUMBER1EXPERT in real estate for
Madison, Huntsville and Hampton Cove, Alabama