Contractual Assent . . . and a Veto Power To successfully change the closing date of a home sale, which of the following must agree? A. The Buyer. B. The Seller. C. The Buyer’s lender. D. The Buyer’s title company. E. The Seller’s title company. F. The Realtors (Listing agent and Buyer’s agent). Answer: all...Read More
Inspection Contingency Catch-22 Like any contract, the Inspection Contingency — which governs the Buyer’s inspection timetable — can be amended if both parties agree. The most common amendment: a time extension to allow both sides to get more info about an inspection-related issue. The catch, though — especially if turnaround time is an issue with...Read More
Fill Out the Form and Forget it? Not Necessarily OK, there’s no such thing as a “living, breathing document” — with the possible exception of the Declaration of Independence, the U.S. Constitution, etc. What I have in mind, though — at least in the context of residential real estate — are contracts/disclosures where one party...Read More
