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What else can I help you with?
When is a real estate contract valid?
When it has been signed by the buyer and seller.
What if seller won't fix inspection defects for a real estate sale?
In my state the Seller may refuse to fix items. The Buyer may then agree to accept the house "as is" or they may cancel the contract; providing there is an Inspection Addendum that states this. Inspections should be referred to in your contract or as an Addendum. If you used a broker or real estate agent, s/he should be able to show you what the appropriate language was in the contract.
What recourse does a buyer have when the seller backs out of a signed real estate contract?
If a seller backs out of a signed real estate contract, the buyer typically has a few potential recourses. They can pursue specific performance, which is a legal remedy that compels the seller to fulfill their obligations under the contract. Alternatively, the buyer may seek damages for any financial losses incurred due to the breach, such as costs associated with inspections or appraisals. It's also advisable for the buyer to consult with a real estate attorney to explore their options based on the specifics of the contract and local laws.
Can a seller change their mind in real estate transaction?
The seller cannot change their mind once they have signed a contract unless there is some language in the contract that will allow them to back out of the sale. You need to review the terms of your purchase and sale agreement.
Are the real estate commissions split between the buyer and seller?
Normally the real estate agent's commission is paid by the Seller. In over 20 years of experience I have never heard of the buyer being expected to pay real estate commissions.
How can a seller cancel a real estate purchase contract?
You must read your contract for your answer.You must read your contract for your answer.You must read your contract for your answer.You must read your contract for your answer.
Who excutes a Texas real estate contract?
A real estate contract may be executed by the buyer and seller; trustee; attorney; builder/contractor. Any party to a real estate contract may execute a real estate contract.
When is a real estate contract valid?
When it has been signed by the buyer and seller.
When is a contract for real estate considered executed?
Upon both the buyer and the seller signing the contract.
What if seller won't fix inspection defects for a real estate sale?
In my state the Seller may refuse to fix items. The Buyer may then agree to accept the house "as is" or they may cancel the contract; providing there is an Inspection Addendum that states this. Inspections should be referred to in your contract or as an Addendum. If you used a broker or real estate agent, s/he should be able to show you what the appropriate language was in the contract.
Will a real estate contract be vaild if the owner dies before closing in Georgia?
The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.
What is a real estate sales contract?
A contract between a Real Estate Brokerage Firm and a seller allowing the firm to list the seller's home and place it in the Multiple Listing Service for that area's Association and n which seller agrees to pay firm a fee for service (commission).
What can I do if the buyer of real estate does not close on the closing date?
The Seller can Cancel the real estate and sell to some one Else and put it back on the market or if the seller wants to wait then he/she can extend the closing date.
What happens if Seller dies after signing contract?
If a seller dies after signing a contract then the contract is terminated. In the case of real estate the property may go to the state, a bank, or the trustee of the will.
Is there a time limit to sign a real estate contract by seller?
The time limit a seller has to sign a real estate contract will be part of the contract the buyer writes with his agent. Typically a buyer will get a recommendation from his Realtor what is customary in the local market. This can vary from giving the seller just a few hours, up to several days or more.
Is a Florida real estate contract null and void if the seller dies?
Generally, if an offer was accepted and signed the decedent's real estate is subject to the contract and the estate representative can complete the sale once they have been appointed.
Can a buyer cancel a real estate contract?
The purpose of a contract is to make the agreement binding on the parties. There are generally provisions in a contract that allow cancellation under specific conditions. They revolve around contingencies, most commonly an inspection and financing. Beyond that a buyer can cancel a contract but will likely lose any deposit. Even then it is possible for the seller to sue for nonperformance.
