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Getting Your Home

12. Inspections, Title Documents, and Other Contingencies We needed a real estate broker who would be understanding of our needs, knowledgeable of the area, market, and effective in bringing the sale to closure in a short period of time. We turned to a family member who recommended you—the experts—who will take care of all our needs! Now we owe both the family friend and your team a great deal of gratitude! The final closing were over before we knew it! Efficiency at its best! What more could one ask for? Once again, thank you for your very personal services! —Mary Fonseca and Bill Gonsalves

T

he offer you made to purchase property, once signed and agreed to by both you and the seller(s), becomes a contract. A contract is simply an agreement between two or more people (called parties) to do certain things, and in exchange, some form of compensation is paid. In this case, when you do what you have agreed to do in the contract, you get the house. When the sellers do the things they agreed to, they get the money. Some of the responsibilities of the sellers are:

providing you with a property disclosure, which is the seller’s best representation of the condition of the property and all the fixtures that will be sold to the buyer;

letting you know if there are any material defects with the property (required by most state laws); 107

Profile for Linda DeVlieg Real Estate

How to Make Your REALTOR Get You the Best Deal - Albuquerque, New Mexico edition  

A guide through the real estate purchasing process - co-authored by Linda DeVlieg and Ken Deshaies

How to Make Your REALTOR Get You the Best Deal - Albuquerque, New Mexico edition  

A guide through the real estate purchasing process - co-authored by Linda DeVlieg and Ken Deshaies

Profile for lindadev