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7 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 2005. All rights reserved.
Preston Hollow Real Estate Agent - Park Cities Luxury Estates
If you're in the Home & Real Estate market to buy or sell your home in the Preston Hollow, Park Cities, Highland Park areas, call me. You can rely on my 24 years real estate experience, legal background and local market knowledge. My strengths are service, negotiations, diplomacy and making the home buying and selling process fun and easy for you. I grew up in Dalton, Georgia around my family's jewelry business. I learned at a very early age how to place my clients on the pedestal they deserve. Getting you what you want is my ultimate aim.
Designations, Affiliations, Awards: Certified Residential Specialist; Accredited Buyer's Representative; Certified Luxury Home Marketing Specialist; Certified Home Marketing Specialist, Certified Negotiating Specialist; Founding Associate Keller Williams Elite; Keller Williams International Gold Medalist
BERNICE EDELMAN
Dallas Realtor
Keller Williams Elite Properties
8201 Preston Road, Ste: 265
Dallas, Texas 75225
214-420-3771 Office
214-384-7700 Cell
bedelman@kw.com


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