When you buy a cattle ranch in Lake City, a home for sale in the area, or anything else, the transaction depends on the home inspection—and your Lake City Realtor® will write your purchase offer to include a contingency that says if the inspection turns up something you’re not willing or able to deal with, […]
What is a Financing Contingency in a Real Estate Purchase Contract?
When you buy a cattle ranch in Lake City, a home for sale in the area, or anything else, the transaction depends on you having the money to actually purchase it—and your Lake City Realtor® will build a financing contingency into your real estate purchase contract that helps protect you if you can’t secure financing. […]
What is an Appraisal Contingency in a Real Estate Purchase Contract?
When you buy a cattle ranch in Lake City, a home for sale in the area, or anything else, your lender will most likely require an appraisal—and your Lake City Realtor® will set up a contingency in your real estate purchase contract that protects you if the appraisal doesn’t come out the way you (and […]
What Are Contingencies in a Real Estate Contract?
Whether you’re buying a large farm near Lake City or a land-home combo in the same area, you’ll have a real estate purchase contract to seal the deal. Within that contract, you’ll most likely have contingencies—but what is a contingency, and why do you need them in your contract? What is a Real Estate Contingency? […]
What is a Real Estate Purchase Contract?
A real estate purchase contract is an essential instrument in your transaction, but what is it? What does it include? What is a Real Estate Purchase Contract? A real estate purchase contract, which is also called a residential purchase agreement, is a binding agreement between two or more parties. The contract allows you to exchange […]
