When buying a resale home it is always advisable to make your offer is conditional upon the buyer obtaining a satisfactory home inspection to determine if there are any deficiencies in the property. Because the current market is seeing multiple offers on many properties, some buyers may be reluctant to make their offer conditional on
Real Estate Law Archives - Page 12 of 16
Eric Levitt / February 23, 2015
ASSIGNING AN AGREEMENT OF PURCHASE AND SALE
An Assignment of an Agreement of Purchase and Sale (“Assignment”) takes place when the original purchaser from the builder assigns or sells the contract that it signed with the builder. This column will address many of the issues that need to be considered in an Assignment. Most builder Agreements contain a clause which prohibit or
Eric Levitt / January 28, 2015
WHAT HAPPENS WHEN A TRANSACTION IS EXTENDED
It is not unusual for a buyer to request an extension of the closing date. This column will examine the reasons for extensions and what usually happens when a transaction is extended. A buyer may request an extension of the closing date because it has not yet sold its existing home or its financing has