Types
of Agents
How
to Select an Agent
Prequalified
or Pre-Approved
7
Reasons to buy a home
Moving
with Teenagers
How
to Find a Home
50
"Things To Watch"
when viewing a home
9
Types of Loans You Should Know
What
is a Sales Contract
Finding
Quality Inspectors
10
Ways to Ascertain a Down Payment
How
Lenders Approve Loan Applicants
Definitions
of Closing Costs
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Buyers' Resource Section:
What is in a Sales Contract
A Sales contract is your signed offer to purchase property,
complete with your terms and price. It is important for this
document to be complete as it turns into the "Sales Contract"
as soon as the seller signs it. The terms and conditions of
the contract vary depending on the situation. However, the
following information is usually found on a legitimate Sales
Contract; Items included in the sale (Property, Appliances,
Chandeliers, etc.)
- The Sale Price
- The Amount of your deposit (earnest
money)
- The Amount of your down payment and
loan arrangements
- The Date, Time, and Place of settlement
(closing)
- The Date, Time, and Place of Occupancy
- Any other contingencies (agreed upon
by both buyers and sellers)
- The Signature of the Buyer
- The Signature of the Seller
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