Contracts are probably involved in every major purchase, investment opportunity and legal action you take. When it comes to real estate contracts, they are sometimes referred to as a purchase and sale agreement, contract for sale, purchase contract, agreement to purchase or agreement for sale. Always read contracts thoroughly and make sure you understand everything. You might want to have a lawyer look over any contracts before you sign them. Learn more here about contracts and how to protect yourself.
Homeowners And Home Improvement Projects: How To Survive
Homeowners can do several simple things to survive home improvement projects. The most important thing for homeowners to do is plan ahead for home improvement projects - including choosing paint colors, wall tiles, even the door knobs. The less homeowners have to do during the home improvement project, the easier it will be to survive. Homeowners should also make sure they have written contracts on all their home improvement projects in order to keep things running smoothly with the contractor.
Counter Offer Needs Time Limits When Selling Home
A couple never hears back from a counter offer they made and proceeds to deal with a new buyer. Putting a time limit on counter offer when selling a home can help avoid hurt feelings. Adding time limit language to a real estate contract will ensure that offers get followed through on.
Error In Contract Prepayment Penalty
A mortgage is sold with a mistake regarding the prepayment penalty. It is the homeowner's responsibility when signing a contract and to be aware of the danger of predatory lenders. If you signed the disclosure statements without reading them, it's a little bit hard to make a case that you were in some way defrauded, unless you do not read and understand English. Every borrower has some responsibility to make sure the loan documents say what they think they say.
Seller Cancels Deal After Agent Steps In
A deal is canceled after the seller's attorney involves his son who is a real estate agent. Ilyce suggests the seller may have a cancellation clause in the contract based on lawyer approval.
Making E-Signatures Work When Buying Or Selling A Home
With new transaction management platforms, you're now able to view all of the documents related to your home purchase or sale electronically. But when it comes to actually signing a loan for the largest single purchase you're ever going to make, electronic signatures may make it so easy for consumers that they'll fail to read the very documents they now have access to 24 hours a day, 7 days a week.
A Few Simple Things You Can Do To Improve Your Construction Or Remodeling Project
Home renovation or new construction projects can be rock and full of unexpected turns. Being the general contractor of your home renovation project can be a full time job. Despite the inevitable frustrations, there are things you can do to make your renovation flow more easily.