QWe recently entered into a contract to buy our first house. Our contract contained two contingencies: seven days in which to obtain a satisfactory inspection of the house; and 30 days to obtain ...
A buyer can back out of a home purchase even after signing a contract if all agreed-upon contingencies are not met. Common ...
Most real estate purchase and sale contracts allow a buyer 10-15 days to conduct various inspections pertaining to the property. But the types of inspections and the post inspection rights of the ...
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When is it too late to back out of buying a house?
It’s possible to back out of an accepted home offer, but there could be consequences if you don’t plan ahead carefully.
QWe are in the process of selling our rental property. A buyer signed a purchase contract, using the standard regional sales contract form. Several days later, we received an addendum stating that the ...
When buying a home here in Oregon, there are several agreements, addendums and the like that are required to complete the purchase and sale of a particular property. The centerpiece of every ...
Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is also the author of two books. Vikki Velasquez is a researcher and writer who has managed, ...
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