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You need to review your Purchase and Sale Agreement to see how and if that issue is addressed. You should ask the attorney who is representing you in your purchase what your options are.

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15y ago

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What is the process for handling prepaid HOA fees at closing when purchasing a property?

Prepaid HOA fees at closing when purchasing a property are typically handled by the seller. The seller will provide the buyer with a statement showing the amount of prepaid HOA fees, which the buyer will then reimburse to the seller at closing. This ensures that the buyer takes over responsibility for the HOA fees from the date of closing onwards.


Can seller back out of a home purchase agreement if closing date is not met?

yes the seller can technically back out if any conditions in the contract are not met... however, to cover yourself you should probably send a letter in advance stating the closing date is coming up and what your intentions are. just a good idea... because then there is no argument.


How does the process of "for sale by owner" work for the buyer?

When a buyer purchases a property listed as "for sale by owner," they directly negotiate and deal with the property owner without involving a real estate agent. The buyer and seller work together to agree on the terms of the sale, including the price, closing date, and any other conditions. The buyer may still choose to hire a real estate attorney to help with the legal aspects of the transaction.


When is the next closing date for my credit card account?

The next closing date for your credit card account is typically at the end of your billing cycle, which is usually around the same date each month. You can find the specific closing date on your credit card statement or by contacting your credit card issuer.


Can I use my credit card before the closing date?

Yes, you can use your credit card before the closing date, but be sure to pay off the balance by the due date to avoid interest charges.

Related Questions

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.


Who best describes an independent person who works for both the buyer and the seller between the date the purchase contract is signed and the date the closing takes place?

escrow officer, lender, real estate agent


Which answer best describes an independent person who works for both the buyer and the seller between the date the purchase contract is signed and the date the closing takes place?

escrow officer, lender, real estate agent


Is a verbal agreement pertaining to real estate binding until closing date?

No


What happens in a real estate contigency if the buyer has not agreed in writing to a new closing date?

It is usually the buyer who holds the contingency (not to buy for some reason), so it would be up to the buyer and seller to agree on a closing date when all of the contingencies expire. Or they can agree to split the deposit and go their separate ways. The seller often keeps the entire deposit unless there is a cloud on title or other reason the property was not in condition to be sold.


What is the process for handling prepaid HOA fees at closing when purchasing a property?

Prepaid HOA fees at closing when purchasing a property are typically handled by the seller. The seller will provide the buyer with a statement showing the amount of prepaid HOA fees, which the buyer will then reimburse to the seller at closing. This ensures that the buyer takes over responsibility for the HOA fees from the date of closing onwards.


Can seller back out of a home purchase agreement if closing date is not met?

yes the seller can technically back out if any conditions in the contract are not met... however, to cover yourself you should probably send a letter in advance stating the closing date is coming up and what your intentions are. just a good idea... because then there is no argument.


When will DisneyQuest close?

No specific date has been given, it's closing sometime in 2017.


What date did Henry close down the monasteries?

The exact date of the closing of the monasteries is unknown. Although, we do know that it was in 1534-1535.


Who owns Seller furniture if they do not move the furniture out by a contracted date in the P and S after the closing date?

The furniture is the property of the seller. How the matter is resolved will be something to figure out between the two parties. It could involve anything from the payment of rent to the payment of disposal fees.


When is the closing date of post ume form?

Futo will close her post utme form on 25th


How does the process of "for sale by owner" work for the buyer?

When a buyer purchases a property listed as "for sale by owner," they directly negotiate and deal with the property owner without involving a real estate agent. The buyer and seller work together to agree on the terms of the sale, including the price, closing date, and any other conditions. The buyer may still choose to hire a real estate attorney to help with the legal aspects of the transaction.