Discuss several strategies for figuring out the right home purchase offer.
Identify several strategies for home offers in competitive markets.
Describe the basic information that is included in a purchase and sale contract.
Describe the five major provisions contained within the real estate purchase and sale contract.
What is a contingency clause? What purpose does it serve? Whom does it benefit? What are some typical contingencies?
What is the earnest money/good-faith deposit, who holds it, and how much should it be? How is this different from a lender’s escrow account, how does it work, and when it is required.
What date should the closing date be scheduled for?
Describe the ways in which a sale and purchase contract may be breached. What are the remedies for a breach of contract?
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