kwreal.com305.294.8433800.545.9655BEACH CLUB BROKERS
Seven Terms to Watch for in a Purchase Contract
The closing date. See if the date the buyer wants to take title is reasonable for you.
Date of possession. See if the date the buyer wants to move in is reasonable for you.
The earnest money. Look for the largest earnest money deposit possible; since it is forfeited if the buyer backs out, a large deposit is usually a good indication of a sincere buyer.
Fixtures and personal property. Check the list of items that the buyer expects to remain with the property and be sure it’s acceptable.
Repairs. Determine what the requested repairs will cost and whether you’re willing to do the work or would rather lower the price by that amount.
Contingencies. See what other factors the buyer wants met before the contract is final—inspections, selling a home, obtaining a mortgage, review of the contract by an attorney. Set time limits on contingencies so that they won’t drag on and keep your sale from becoming final.
The contract expiration date. See how long you have to make a decision on the offer
Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright / All rights reserved.
Click here for printer-friendly format
Contact Beach Club Brokers
For over 30 years, Beach Club Brokers has offered all types of residences from which to enjoy this unique island city. We offer a wide variety of distinctive Old Town homes and waterfront condominiums to meet all tastes and budgets. Simply fill out and submit this form and we'll be glad to get back with you.
Contact us now.
305.294.8433 | 800.545.9655