This weeks Episode of Asking For A Friend Features Ken Sax of the spokanehousehunter.com Group at Keller WIlliams in Spokane. We are talking about the real estate contract.
I wanted Ken on the show because he teaches the class on the Purchase and Sale Agreement to Realtors®.
This episode will be valuable to all of those who are thinking about buying or selling real estate.
Are offers really being submitted with incomplete paperwork?
What are some of the incomplete items?
At the end of the day the seller want to know the buyer can actually buy the house.
We talked about how Realtors have gotten away from communicating with each other and the importance of understanding the sellers motivation for selling.
How would a buyer know if a contract is incomplete?
What are the important timeline established by the contract?
The Importance of mutual acceptance and how timelines are established
Are there out clauses in the contract for buyers and sellers?
Why would a seller want out of a signed contract?
The importance of depositing your earnest money on time.
Is it wise to shorten the inspection period?
Do the sellers have paperwork they can mess up?
The importance of the sellers disclosure
What parts of the contract can lead to trouble for buyers and sellers legally and other wise.
Why and How a house can be sold to 2 buyers and the same time. It happens…
The difference between termination and rescission
Can you get your earnest money back if you back out of a contract as a buyer?
How does the financing contingency affect earnest money?
His love for tacos at Deleon’s Taco and Bar. When you go order the taco sampler with a cactus and pork belly taco.
If you want to get in touch with Ken you can reach him on his website www.SpokaneHouseHunter.com or email email@example.com