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Real Estate Tips

Real Estate Contracts >Purchase Agreements

Whether it consists of several pages of big type or a few pages of fine print, a real estate purchase agreement is a serious, legally binding document. In most areas, there are "boiler plate" forms that spell out what each party agrees to do by certain dates and what happens if either side breaks the contract.

The best time to familiarize yourself with these forms is when you are beginning your search. Ask the real estate agent for a copy of the purchase agreement and then review it, keeping in mind that it has the force of law. If you don't understand the document, consult an attorney. If there is a dispute between buyer and seller, a court will hold you to what the purchase agreement specifies, not what you thought it meant or what you thought the real estate agent said it meant.

There are several key points you should be clear about. What are the deadlines for loan application and obtaining financing? If you decide to back out because of the structural inspection report, can you do that? Do appliances convey? When will the closing take place? If you understand these clauses before you find the perfect house, you will avoid a lot of stress and minimize the likelihood of misunderstandings.

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Real Estate Trivia

Q 
Where would you go to visit the largest ancient castle in the world?

A 
You would travel to Prague, Czech Republic, to see the Prague Castle, built in the 9th century, with a total surface area of 18 acres.
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Bonnie Ferrell, REALTORŪ, real estate agent and broker for Baton Rouge, East Baton Rouge and Ascension Parish, Louisiana home listings, property and land for sale - NUMBER1EXPERT

The Bonnie Ferrell Team
Bonnie Ferrell & Company, Inc.
P.O. Box 66714
Baton Rouge, LA. 70896
Phone: 225-926-7127
Fax: 225-924-0609
Email: bonnieferrellhomes@NUMBER1EXPERT.com

I realize that buying and selling a home is one of the most crucial financial transactions of your life. In what can be a confusing and sometimes difficult process, it pays to leave as little to chance as you can. With my help, you can navigate unknown territory with ease. To fill the specific residential needs of home buyers and sellers, the Residential Sales Council of the National Association of REALTORS institutes a class of expert real estate professionals: the Certified Residential Specialists (CRS). Fewer than 3% of all Realtors have earned the right to be called a "CRS". Fewer than 3% have developed special residential sales skills and enhanced their residential sales knowledge through education, dedication and experience. At Bonnie Ferrell & Co., Inc., I am proud of the fact that I have earned the CRS designation, and therefore have the knowledge and experience to assist you through the entire home buying process. Additionally I am also a licensed residential and commercial contractor. I have been actively building new homes since 1996. I invite you to put my vast skills and knowledge to work for you.

CRS Equal Housing GRI MLS REALTOR

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