The Importance of the Real Estate Purchase Agreement
By Edward Perez
(Sothbey's International Realty)
Buying a home in Hoboken can be an amazing experience and buyers may sometimes forget that buying a home is also a large financial transaction that involves a legally binding contract. Always remember to take extra time and read through a real estate purchase agreement before you sign it. There are many things in a real estate purchase agreement but following are a few points to pay extra attention to: A “contingency” may be included in the agreement that allows the buyer to hire a home inspector to have the option to back out of the sale if the condition of the home isn’t what was expected. Make sure the contract includes ample time for an inspector to be hired and complete an inspection.Be careful with any “as-is” clauses, that usually mean a seller won’t make any repairs to the home...
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