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Real estate
Characteristics of a real estate contract
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[QUOTE="Yusra3, post: 283308, member: 31907"] Real estate contracts are a great place to start, because they're easy to understand and follow even if you're not a lawyer. Here's what you need to know about them: 1. If you put your home up for sale, you'll probably end up with an offer within the first few days. If you accept the offer, then it's all systems go and you'll get paid! If not, then you'll probably have some kind of counteroffer that will either lead to a settlement or a court case. 2. The contract is written in English, which means that anyone can read it without any problems at all. If there's any doubt about what needs to be included in the contract whether it's something small or big. it should be spelled out in plain language rather than leaving things ambiguous or vague. 3. The contract has two sides: one for each party involved in the deal (buyer and seller). They both have their own pages where they list all of their terms and conditions (including closing dates). Then there are pages where each party agrees to abide by each other's terms. so if one side violates its agreement with the other side then there will be consequences for breaking those agreements! [/QUOTE]
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