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.

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Steve Hawkins
Long and Foster Realtors
7202 Old Keene Mill Rd.
Springfield, Va. 22150
Direct - Cell: 703-909-3939
Steve@HomeSearchWebsite.com

Steve Hawkins has over 30 years of business experience to help people make their real estate dreams a reality. The chance to guide people through one of life’s biggest investments excites and challenges me. I represent each client’s individual desires and agenda throughout the real estate transaction while making it as easy as possible from beginning to end. My energetic and competitive nature assists me in negotiating a sale or purchase in my client’s best interest. I attribute my sustained success in real estate to my perseverance and commitment to each of my clients until they are completely satisfied with their real estate buying or selling experience. Allow me to join your team and together we will be sure to create a winning combination.

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