If a contract on a house is signed 'subject to finance, building and pest inspection', what does that actually mean? If the buyer wants to pull out of the contract, must they provide proof that they were not approved for finance? And how much needs to be wrong on a building inspection before the contract can be broken?
I guess what I'm trying to ask is, is a contract just to protect the buyer, or does the seller have rights too?
posted by superfish
on Sep 24, 2013 -
We're in escrow on a house in southern CA, and were recently the unhappy recipients of a Notice to Buyer to Perform
(or more accurately our realtor was, by email.) We got the contingencies lifted but did not quite do so within the 48 hour period dictated by the form, and now the seller wants out. Can they now back out legally? [more inside]
posted by contraption
on Oct 17, 2011 -
A real estate agent waited until the night before showing us some properties to send us two contracts to sign. One states that he's not a buyer's agent, he's a "non-agent facilitator". The other would, if we sign, grant him the "exclusive right to locate or procure real property" for us until the end of the year.
Question A: is he trying to screw us? Or is this sort of thing normal, or at least reasonable?
Question B: assuming this is reasonable, what's the practical difference between a facilitator and a buyer's agent? [more inside]
posted by ook
on Jun 8, 2011 -
We're interested in renting a small house in CA as our primary residence. We're suspicious that the owners/agents are just trying to wait out the market before selling. Is there any meaningful protection that guarantees
a minimum stay in the property that can be put into a rental contract/lease, irrespective of whether the owners receive an offer on the house?
posted by lalochezia
on Apr 19, 2010 -
New York City apartment question: Is it normal for my broker to tell me I will receive hard copies of my lease a "couple of weeks" after moving in? [more inside]
posted by 2bucksplus
on Oct 27, 2009 -
Buying a house in Sullivan County, New York. Need your best recommendations for people to work with (lawyers, title folks, inspectors)... [more inside]
posted by LGCNo6
on Feb 17, 2008 -