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Manhattan Real Estate Attorney
This property purchase never would of happened except for Lynne's Real Estate acumen. First, Lynne found me the perfect property and negotiated a great offer resulting in an executed contract, all within 48 hours. Second, her Mortgage Broker provided incredible service and financing. Third, because I was unavailable (out-of-state), she did my Walk-Thru Inspection with more attention to detail than I would have. Fourth, as I was unable to attend the Closing, a Mail-Away scenario was arranged. Lastly, Lynne managed everything, making it unbelievably seamless and stress free for someone that is "on the go". Twenty-six days start to finish. Thank You, Thank You!
M.M., New York
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Real Estate Contracts >Sales Contracts
The purchase or sale of a home is one of the most complicated business transactions most people will be involved in during their lifetime. Whether the print is large or small, there is a lot of it! The purchase agreement covers not only the price of the property, but has many paragraphs governing the terms under which it will be conveyed to the new owners.
When you list your home for sale or when you begin your search for a new home, ask your real estate agent for a copy of the standard sales agreement. Familiarize yourself with the document ahead of time, and make certain you understand the responsibilities of both parties between the initial meeting of the minds and the closing date. You should be aware of all of the deadlines in the 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.
You greatly increase the chances of a smooth transaction by being fully informed about the sales contract.
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| Q |
On what famous American street can you find the most expensive retail space for rent anywhere in the world?
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Fifth Avenue, New York City, U.S.A. offers retail space for rent at the rate of $580 per square foot. |
 See More Real Estate Trivia > |
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