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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	What famous American monument is also the world's heaviest statue?
A	The Statue of Liberty, officially named "Liberty Enlightening the World", weighs 54.31 million pounds.
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Diane Hayes, REALTOR®, real estate agent and broker for Montgomery County, Rockville and Silver SpringMaryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Diane Hayes
RE/MAX Premiere Selections
11325 Seven Locks Road #217
Potomac, MD 20854
Tel: 301-428-0010
Fax: 301-299-1004
Email: dianehayes@NUMBER1EXPERT.com
Diane has been helping buyers and sellers with their real estate needs since 1981 and would love to help you.

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