We are totally focused on
our client's needs, and we
work to realize their
dreams as if they were our
own.
Rodney and Trina Joyner
Home Team Realty
our client's needs, and we
work to realize their
dreams as if they were our
own.
Rodney and Trina Joyner
Home Team Realty
Joyner Team
Home Team Realty
| 302-629-7711 realestate@joynerteam.com |
7 Terms to watch for in a purchase contract
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1. The closing date. See if the date the buyer wants to take title is reasonable for you.
2.Date of possession. See if the date the buyer wants to move in is reasonable for you.
3. The earnest money. Look for the largest money deposit possible; since it is forfeited if they buyer backs
out, a large deposit is usually a good indication of a sincere buyer.
4. Fixtures and personal property. Check the list of items that the buyers expects to remain with the
property and be sure it's acceptable.
5. 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.
6. 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.
7. The Contract expiration date. See how long you have to make a decision on the offer.
2.Date of possession. See if the date the buyer wants to move in is reasonable for you.
3. The earnest money. Look for the largest money deposit possible; since it is forfeited if they buyer backs
out, a large deposit is usually a good indication of a sincere buyer.
4. Fixtures and personal property. Check the list of items that the buyers expects to remain with the
property and be sure it's acceptable.
5. 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.
6. 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.
7. The Contract expiration date. See how long you have to make a decision on the offer.