Health & Fitness
Northport Real Estate: Why Time is the Enemy
Taking the step that makes so many of us tremble with fear: the sales contract.
The price is right and you've found the perfect home. It's time for the house buyer to take the step that makes so many of us tremble with fear: the sales contract.
The steps leading to the contract and the timing along with communication is critical to your success as a home buyer. Remember, time is your enemy! There should always be a time line. If your agent presents an offer on a property, there should be a reasonable period (a typical time frame might be 7-10 business days) allowed for the home inspection, contract preparation, contract review, signature and return of the contract with down payment for escrow. This provides the buyer and the seller with a time line so that there is no guess work on either part.
If there are items that need to be changed within the contract, make certain that you and your Attorney discuss all changes immediately so that the seller's Attorney can review with their client as well. If terms and money change, this is the time to iron out these challenges. Returning the contract within the specified period of time is critical.
Find out what's happening in Northportwith free, real-time updates from Patch.
Remember, the house is still available until the contract is signed and returned and the down payment is deposited! May homes are lost during this phase due to poor communication and lack of trust. In other words, do what you say you are going to do!
Catherine Lindstadt Realtor 631.266.6113 clindstadt@elliman.com
