Realty check: Property buyers return home

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New owner-occupier loans were up 0.9 per cent. First home buyers have continued their return to the property market, taking advantage of stamp duty exemptions announced in recent state budgets. First.

The inspection period is a negotiated time frame in which buyers have the opportunity to conduct their due-diligence on the property. The purpose is to give the buyers a “free look,” so to speak. If the buyers don’t like what they see, they can re-negotiate the terms of the contract, or cancel the contract altogether and have their earnest money returned without penalty.

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How soon can/does a Realtor cash a deposit check? Asked by Pete, Mass City, MI Sun Aug 31, 2008. I put an offer in on a house, and gave them a $1,000 check. The realty agency has had it for about 2 – 3 weeks, and has cashed it without my knowledge.

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CHECKLIST – PURCHASE OF REAL ESTATE. A. Pre-Contract 1. Prepare an Agreement for Purchase and Sale of Real Estate. This is usually done by the Buyer, but it may be done by either party. 2. Prepare an Affidavit and Memorandum of Agreement for Purchase and Sale if desired, for recording in the public records of the county where the property is.

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In a real estate context, an option fee is money paid by a Buyer to a Seller for the option to terminate a real estate contract.. option fee funds should not be confused with earnest money.. The use of option fees is most common in the residential resale market in Texas. [citation needed]Option Fees in Texas

 · How to Cancel a Real Estate Contract. The details of how a contract is broken are typically specific to the provisions originally laid out in the contract. But, there are some standard features of real estate contracts which, although not.

If you ever read a real estate contract, 10 Crucial Real Estate Contract Terms Home Buyers Should Know Before They Sign.. The customary ones for the buyer’s loan are property appraisal,

Consumers. The primary objective of the Department of Real Estate (DRE) is the protection of the public interest in regard to the offering of subdivided lands, and the handling of real estate.