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Real Estate Tips
Real Estate Contracts >Deadlines

Both buyer and seller should be aware of all of the deadlines in their purchase agreement. Each contract is different, but there are usually time limits covering the structural contingency, the financing application, the loan commitment, and the closing.

If you are a careless buyer, you could lose your right to ask a seller to pay for needed repairs. There may be a limit on the time the seller has to respond to the buyer's request to complete repairs that are not required by the contract. Failure to apply for your mortgage on time may place your deposit at risk if the loan is denied. In many cases, the agreement can be declared null and void by the seller if financing is not approved within the time frame set forth in the contract. A delayed closing can cost the sellers money, and they may ask the buyer to reimburse these expenses.

Work closely with your real estate agent to ensure that all of your transaction deadlines are met.      

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Real Estate Trivia
Q 
What is the world's most capacious building?

A 
The Boeing Company's main aircraft assembly plant in Everett, Washington, has been expanded to a capacity of 13.4 million cubic meters, or 473 million cubic feet.
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The Hergenrother Team, REALTOR®, real estate agent and broker for Burlington, Williston and Colchester, Vermont home listings, property and land for sale - NUMBER1EXPERT

The Hergenrother Team
Keller WIlliams Realty Green Mountain Properties

302 Mountain View Dr
Third Floor
Colchester, VT 05446
Phone: 802-488-3488
Fax: 802-419-3769
Team: Info@WinningResultsVT.com
Sarah: sarah@vermontkw.com
Adam: adam@vermontkw.com

Whether you're looking to buy or sell your home in Vermont, either in Chittenden, Lamoille, Washington, Addison, Franklin, or Grand Isle counties or you're considering relocating to Vermont - we're here to help you!

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