Buying or selling a home is one of the most complicated business transactions of most people’s lives. Whether it’s big or small print, there’s a lot to sort out! The purchase contract not only covers the price of the property, but also contains many paragraphs that govern the terms under which the property will be transferred to the new owners.

When you put your home up for sale or start looking for a new home, ask your real estate agent for a copy of the standard purchase agreement. Familiarize yourself with the document in advance and make sure you understand the responsibilities of both parties between the initial meeting and the closing date. You should be aware of any deadlines in the purchase agreement. Each contract is different, but there are usually deadlines for the structural contingencies, financing application, loan commitment and closing.

By providing comprehensive information about the purchase contract, you significantly increase the chances of a smooth transaction.

If you have any questions about this real estate tip – or any other tips you’ve heard elsewhere – please don’t hesitate to ask! There’s no obligation and you’ll get a quick response.Yes!

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Bill Cullin
Your Real Estate Source on the Delaware Beaches

Call or text: (302) 841-7147
Toll free: (800) GO-BEACH, extension 27117
E-mail: [email protected]

Sites:
DelawareBeachRE.com
TheHenlopen.com

Click here to view Zillow.com customer reviews.

ACCREDITATIONS & AWARDS:

*2023 – 17th consecutive year: Top Producer at Long & Foster’s Rehoboth Beach office

*2023 – 4th year in a row: Top-selling individual agent in Delaware at Long & Foster

*2023 – 4th consecutive year: Member of Long & Foster’s Gold Team Master Club Level with a sales volume of over $20-35 million

*2023 – Awarded as a specialist in holiday and second home properties

*2023 – 10th consecutive year: Sales Representative awarded with the Five Star Professional Award

*2022 – 3rd year in a row: Ranked among the top 20 agents in Delaware according to RealTrends

*2022 – 13th consecutive year: “Zillow.com 5 Star Professional”, with the “Best of Zillow” award in 2019

Long & Foster Real Estate, Inc.
37156 Rehoboth Avenue Ext, Suite 5
Rehoboth Beach, Delaware 19971
Office: 302-227-2541, extension 27117