Answered step by step
Verified Expert Solution
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
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started