Contracts | LandThink

Warranties to survive closing?

March 11, 2009 3 Comments

A purchase-offer contract for real estate starts when the last required party signs the document, lasts for the escrow period and ends when the closing occurs.

Country contingencies can differ from those in the suburbs and cities

February 16, 2009 0 Comments

In an earlier column, I discussed the broad concept of a buyer using a contingency in a purchase offer to get a seller to…

Rethinking contingencies: Disclosure, warranty and make-good

February 10, 2009 1 Comment

Buyers use contingencies in a purchase-offer contract for several different purposes—to gain bargaining leverage, extract information…

Earnest Money: More may be less, and vice versa

November 30, 2008 2 Comments

We buy and sell property in an odd and awkward way. Among the puzzling steps in the process we use is the packaging of earnest money with our purchase-offer contract.

What is the property that is being sold, and how do you know?

November 25, 2008 0 Comments

Both sellers and buyers need to understand what is being sold. When a seller lists property with a broker or advertises as a FSBO, he should establish both the nature of his ownership and its extent.