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Real Estate Tips
Real Estate Contracts >Deadlines

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.      

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Real Estate Trivia
Q 
What is the most unusual maintenance project done once each year in the United States?

A 
The Niagara Falls is shut down for maintenance every year in the fall by diverting the flow of water for 24 hours using a massive series of pipes constructed in 1837.
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Gary and Deborah, REALTOR®, real estate agent and broker for Payson, Pine and Strawberry, Arizona home listings, property and land for sale - NUMBER1EXPERT

Gary and Deborah
Realty Executives Northern Arizona

611 S. Beeline Highway
Payson, AZ. 85541
Cell: 928-970-1584
Toll Free: 888-872-9766
Cell: 928-978-0063
Fax: 888-842-1919
Email: customercare@sellspayson.com

Gary Cordell and Deborah Rose-Ellis are yearly Multi-Million Dollar Producers, have Graduate Realtor Institute designations (GRI), are Certified Residential Specialists (CRS), with over 20 years of contract negotiation, real estate & investment experience. They always offer personal dedication to their clients well after any of their transactions have closed.

CRS Equal Housing GRI MLS REALTOR


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Commercial, Horse Property

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