Contracts
Buying, selling, or just putting a property under contract during the biggest holidays of the year can be a challenge. Lots of folks are on holiday and work can spill over to colleagues who already have their hands full. Sprinkle on a bit of end-of-year rush to finish financial transactions and it can make for…
The real estate industry has been ramping up its use of technology to conduct business over many years. Now, more than ever, buyers and sellers frequently execute signatures to seal the deal on contracts for efficiency and convenience. Digitally signed real estate contracts became more popular about 15 years ago with the passage of electronic…
A cash offer is more appealing to a seller than an offer contingent on the buyer financing the purchase. How much a cash offer appeals to a seller is debatable.
This one is for all the naïve buyers and sellers out there who think an escalation clause is a good idea. We’re not trying to shame you or say you’re wrong, but let’s just tell it like it is. It’s wrong for most residential contracts. That’s right, I said it. An Escalation Clause is wording…
Let’s play a game I like to call “Don’t Get Sued.” We surveyed fewer than 100 escrow officers and asked them: “What is a common mistake you see on residential contracts?” The top 8 answers are on the board. Ready with your buzzer? The survey says the 8 most common contract mistakes that could get…
