No home purchase goes smoothly 100% of the time. There may come a time when you have to back out of real estate contract – maybe there was an undisclosed defect in the home or it has an unmarketable title – and perhaps you are past the due diligence period. What could you do to […]
When you enter a real estate contract on the property you are considering buying, the sale is subject to a due diligence period where, the buyer has the opportunity to terminate the contract if they decide the home isn’t for them.
When you put in an offer for a home you’d like to buy and have signed your real estate contract, you will have entered your due diligence period. The length of this period varies from contract to contract, depending on your needs and what has been negotiated with the seller.
When you enter a real estate contract, you have a due diligence period to take advantage of backing out of the contract without any consequences. But what if you break the contract after the due diligence period has expired? By design, real estate contracts aren’t supposed to be easy to break. After all, if they […]
When you are helping a homebuyer purchase a home, you will come across what is known as a due diligence period in your client’s real estate contract. Also called a study period, this essential part of the real estate contract is designed to protect the interests of both the buyer and the seller. The due […]