|
|
|
The closing is just signing the paperwork that finalizes what you agreed to in your offer. If the seller agrees to your written offer, it becomes a binding sales contract, called a purchase and sale (P&S) agreement. If you default on this contract, you can lose your deposit money. If the seller defaults, you can sue him to fore the sale to which he agreed in writing. Having said that, after you make an offer, the buyer will accept it, reject it, or make a counter offer; at which point you may accept, reject, or change the counter offer, and so on. When both parties agree, it becomes a binding purchase agreement. Let us help you fine a homeWe at Valerie Fitzgerald and Associates realize that you are in the information gathering stage of your purchase and we respect your privacy. Should you have any questions, please feel free to email us at info@valeriefitzgerald.com or call us directly at 310-285-7515. If you or anyone you know is looking to buy or sell a home, please note that we can provide detailed information and access to:
You can count on the services of Valerie Fitzgerald and Associates to provide you with information you can trust.
|
|
|
|
|
Common contingencies include an appraisal of the house that is satisfactory to the bank, financing (in cases where the buyer has not been pre-approved), a free and clear title, selling a current residence, and receiving a satisfactory inspection report of the property. Some buyers put into their offer “on terms to be approved by the buyer’s attorney.” In the competitive LA housing market, making the offer is the mot important part of the buying process, not the closing.
|
