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Real Estate Contracts >Purchase Agreements

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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Q	What architectural detail made its way into the design of many suburban homes built in the 1950s, 60s and 70s?
A	The picture window was a signature of the suburban American neighborhood.
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Bethany Culley Harless, REALTORŽ, real estate agent and broker for Madison, Jackson and Brandon Mississippi home listings, property and land for sale - NUMBER1EXPERT(tm)

Bethany Culley Harless
Coldwell Banker Graham & Associates Inc.
7736 Old Canton Rd. Ste A
Madison, MS 39110
601-607-4760
601-941-5285
1-888-952-1888 ext. 1884
Fax: 601-607-4778
Real Estate License: #12648
Bethany@NUMBER1EXPERT.com
Bethany Culley Harless is one of America's NUMBER1EXPERTS; in the Madison, Ridgeland, Jackson, Brandon, Florence, Canton, Richland, Clinton area and Madison County, Hinds County and Rankin County. Bethany is one in a long line who have not only called the Jackson area home, but have also made a positive impact in their community. Her unique knowledge of the Jackson area and her real estate expertise make for a Winning Combination! For all your real estate needs, call or email Bethany today!

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