Housing Deal Deadlines & Other Key Terms No, I don’t recall ever handling a real estate deal where the Buyer or Seller omitted to fill in the purchase price or the closing date. But, I have handled multiple deals where the other side left blank something almost as significant. The three biggest — and most...Read More
Real estate agents putting together deals this week have an extra challenge: getting the timeline in the Inspection Contingency right. The convention is for Buyers to do their inspection within five business days of Final Acceptance (when the Purchase Agreement is officially “signed, sealed, and delivered”). But with July 4 on Saturday this year, that...Read More
< + Δ [Editor’s Note: Nothing in this post or on this blog should be construed as offering legal counsel. If you require legal advice, please consult an attorney.] If you want to skip my post, “Counteroffer vs. Amendment vs. Addendum” and cut to the chase, here it is, in three easy symbols:...Read More
New Real Estate Form: “Earnest Money Receipt” “No one uses it.” “No one’s going to use it.” “It doesn’t work online.” The “it” in question is a new Realtor form, titled “Earnest Money Check,” that agents are being encouraged to use instead of faxing or emailing a copy of the Buyer’s actual check (the current practice)....Read More
Under the Tax Credit Deadline (Just!) Communities large and small traditionally attach a lot of fanfare to the first birth of the new year. So, the proud parents of little Susie or Tommy, who arrived at 12:03 a.m. on New Year’s Day, typically rate a mention in the paper or news (and often a free...Read More
