Signing a real estate contract is a big decision and should not be taken lightly. Before signing a real estate contract, it is important to ask the right questions to ensure that you are getting the best deal possible. Here are some questions to ask before signing a real estate contract.
What are the Terms of the Contract?
It is important to understand the terms of the contract before signing it. Be sure to ask questions about the purchase price, closing costs, terms of financing, and any other details that are included in the Calgarys real estate lawyers contract. This will help you determine if the terms are acceptable and if the deal is good for you.
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What are the Disclosure Requirements?
Most real estate contracts require the seller to disclose any known defects in the property. Make sure that you understand what needs to be disclosed and that you are comfortable with the seller’s disclosures.
What is the Inspection Process?
Before signing a real estate contract, you should ask about the inspection process. It is important to understand what inspections are required and how long they will take. This will help you determine if the property is suitable for your needs.
What is the Closing Process?
Be sure to ask about the closing process and timeline. You should understand when the closing is expected to take place and what documents and funds are required to complete the transaction.