|
All agents are NOT alike! Find out why my team and I are top real estate experts. Call us: 202-232-4733.
|

The Best Service "This is the best service we have had from a realtor, and we're now on our third one." Sara B., Washington, DC Read Quote > View All Quotes >
|
Compare three mortgages at one time.
Download TripleCalc now. It's free.
|
|
|
 |
 |
Why Sellers Choose
Linda Low: Why home sellers in Washington D.C., NW Washington DC, and Chevy Chase, DC choose
Linda Low |
 |
Free Presentation: Free
in-home listings presentation on marketing your Washington D.C., NW Washington DC, and Chevy Chase, DC,
Washington D.C. property |
 |
Property Valuation: How much is your
Washington D.C., NW Washington DC, and Chevy Chase, DC home worth? |
 |
What Did That Home Sell For?: What did that
Washington D.C., NW Washington DC, and Chevy Chase, DC, Washington D.C. property or other real estate sell
for? |
 |
FSBO: Selling your
Washington D.C., NW Washington DC, and Chevy Chase, DC real estate on your own? |
Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
Real Estate Contracts >Purchase Agreements
Whether it consists of several pages of big type or a few pages of fine print, a real estate purchase agreement is a serious, legally binding document. In most areas, there are "boiler plate" forms that spell out what each party agrees to do by certain dates and what happens if either side breaks the contract.
The best time to familiarize yourself with these forms is when you are beginning your search. Ask the real estate agent for a copy of the purchase agreement and then review it, keeping in mind that it has the force of law. If you don't understand the document, consult an attorney. If there is a dispute between buyer and seller, a court will hold you to what the purchase agreement specifies, not what you thought it meant or what you thought the real estate agent said it meant.
There are several key points you should be clear about. What are the deadlines for loan application and obtaining financing? If you decide to back out because of the structural inspection report, can you do that? Do appliances convey? When will the closing take place? If you understand these clauses before you find the perfect house, you will avoid a lot of stress and minimize the likelihood of misunderstandings.
|
 |
| Q |
What has a tremendous impact on the U.S. economy, comprising between $10-$15 trillion of the nation's wealth?
|
| A |
Real Estate--it goes through cycles, but still has a long-term record of strong investment return. |
See More Real Estate Trivia > |
|
|
|
|