Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Purchase Terms: Purchase Price: $600,000 Earnest Money Deposit: $10,000 Financing: Conventional loan with 20% down payment Loan Contingency: 21 days Appraisal Contingency: 17 days

image text in transcribed

Purchase Terms: Purchase Price: $600,000 Earnest Money Deposit: $10,000 Financing: Conventional loan with 20% down payment Loan Contingency: 21 days Appraisal Contingency: 17 days Inspection Contingency: 14 days Close of Escrow: 45 days from acceptance Closing Costs: Split equally between buyer and seller Additional Terms: Home warranty to be provided by seller, covering major systems for one year. Seller to provide termite inspection and complete any necessary repairs. All appliances included in the sale. Additional Provisions: Buyer reserves the right to walk through the property 24 hours before the close of escrow. Seller agrees to vacate the property no later than the close of escrow. Both parties agree to abide by all local and state real estate laws and regulations.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance and Public Policy

Authors: Jonathan Gruber

4th edition

1429278455, 978-1429278454

More Books

Students also viewed these Finance questions

Question

What is the typical class size?

Answered: 1 week ago

Question

What is the long-term outcome for people with psychotic disorders?

Answered: 1 week ago