What Happens If a Buyer Backs Out of a Real Estate Contract?
Backing out inside a contingency costs nothing. Backing out after the deadlines can cost the deposit or more. Here is what the contract and the law allow.
Tag: Real Estate Contracts
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What Does an As-Is Clause in a Real Estate Contract Mean?
As-is means the seller will not fix anything, not that the buyer gives up every claim. Here is what the clause does, what it cannot do, and how to negotiate it.
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What Contingencies Belong in a Real Estate Purchase Contract?
A contingency is your exit with your deposit intact, but only until its deadline passes. Here are the main ones and the mechanics that make them work.
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Is a Letter of Intent Binding in a Real Estate Deal?
Most LOIs say they are not binding, yet courts have enforced them when the parties acted as if a deal existed. Here is how to keep yours where you want it.
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How Do You Negotiate Repairs After a Home Inspection?
The inspection report is a negotiating document, not a to-do list. Here is how to prioritize findings, choose repairs or credits, and meet the deadline.