OK. You make an offer, it's accepted, and your agent has the "agreement to purchase" ready for you to sign the next day, say tomorrow. Now, say also that your agent is a buyer's agent. Is there any reason why it would not be feasible or prudent to say, I'd rather hold off on signing the document until the inspection's done and a lawyer reviews the contract and the inspection report--all this happening in five or six days from when the contract has been sent along from the seller? Is this unreasonable? And do all states have disclosure laws to protect the buyer?
2007-01-31 16:11:08 · 5 answers · asked by sagman 1 in Business & Finance ➔ Renting & Real Estate
If you don't feel comfortable signing it....Don't...if they try to push you I would be a little uncomfrotable. I'm not quite sure what you are talking about but usually you make an offer and sign that then if they accept you do sign and if that is what you are talking about I would have a lawyer look over the contract. This is where you would state all your requirements..IE the sale of your house, house inspection, move in date and so on.
2007-01-31 16:17:01 · answer #1 · answered by I got 2 points for this answer 4 · 1⤊ 0⤋
Every contract I have seen has an attorney review clause in it, which means you sign the contract and then the attorney has x amount of days to review, change, aprrove or deny it. Most Real estate contracts are standard forms within the industry if you are using a licensed Real estate agent. Most sellers will NOT allow you to perform a home inspection unless they have a contract.
I know I would never allow a non-committed person to enter my clients houses and do an inspection! There is also usually a Home Inspection clause that gives you for x amount of days to get the Home Inspection completed and then it gets sent to your attorney to negotiate the repairs.
Make sure you find a good attorney that does 100% or a LOT of Real Estate closings and a Home Inspector that has been doing Home Inspections for years!
Not sure if ALL states have disclosure laws, but I would guess MOST do! Your Buyer's agent should ask for those before you sign a contract.
Hope this helps!
Vicki Watzlawick
Broker Owner
Exit Platinum Realty
www.vickisdreamhomes.com
2007-02-01 01:24:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you have already signed the offer and the seller has signed the acceptance, there is no need for you to sign again. Was your offer "verbal??" No, all states do not have disclosure laws but if your agent is a "buyer agent" she should make sure the seller provides one. Her job is to protect YOU. Your contract should be contingent upon your satisfaction with the inspections. All contracts advise you to have an attorney review it if you don't understand anything. You must pay for that opinion though.
2007-02-01 01:26:34 · answer #3 · answered by dreamgirl 5 · 1⤊ 0⤋
No, usually the purchase agreement has some contingency, like 14 days to get an inspection, or some such bs...that way you can use ANY of the results of the inspection as an out, if you decide you dont want the place
2007-02-01 00:20:50 · answer #4 · answered by gary d 3 · 0⤊ 0⤋
you do not singing an lease till you look Avery attachment in the house ,check the liaise of the land lour( least) before you sine the Riel lease,is a mandatory,
2007-02-01 00:52:50 · answer #5 · answered by Anonymous · 0⤊ 1⤋