| "Whether you want to sell a property, buy
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| | contracts will state the details of the
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| real estate, get a home loan, invest in
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| | closing, what is and is not included in
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| real estate, or rent, you will need a
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| | the sale of the property, any warranties
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| contract. In fact, in real estate nothing
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| | that are included with the property, when
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| is actually accomplished until a contract
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| | the buyers will take possession of the
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| is signed. You may have agreed to rent a
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| | house, how long sellers have to respond
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| home at a specific price or you may have
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| | to the offer, and provisions about
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| agreed to buy a property on certain
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| | disputes. Generally, contracts will also
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| terms, but those verbal agreements mean
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| | specify whose insurance covers the
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| very little without a signed contract. In
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| | property until the closing dates and will
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| fact, a good rule of thumb in real estate
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| | outline any disclosures about the
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| is nothing is certain until it is in
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| | property.
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| writing.
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| | Most real estate contracts have certain
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| Most real estate contracts contain a
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| | contingency provisions. For example, most
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| legal description of the property in
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| | will state that a home inspection is to
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| question and the street address. Most
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| | be done within a specific number of days.
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| contain information about the selling
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| | Many contracts will state that septic
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| price and any mortgage contingency. This
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| | tanks and wells must be tested and pass.
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| means that most real estate contracts are
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| | Many contracts also state that termite
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| subject to the seller obtaining a
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| | and pest inspection must be carried out
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| mortgage and contain the specifics
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| | and specify who will pay for any pest
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| amount, rate and terms of the loan. Most
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| | damage. It is important to pay attention
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| contracts state that the loan application
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| | to any such contingencies in a real
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| must be made within a specific number of
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| | estate contract since they can make or
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| days. Most contracts also state how much
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| | break a contract. These clauses protect
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| money is being handed over for a deposit
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| | both the buyer and the seller from
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| and who will hold it. In most cases, the
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| | disputes.
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