Selling a home is a large financial transaction that involves a written contract with legal obligations that must be fulfilled. As a result of this, the terms of a property contract are very black and white and there is rarely room for negotiation.
- You want to make sure you execute your side of the transaction correctly as the implications are quite severe if you do not fulfill the contract obligations.
Sellers are subject to penalties under contract law, so make sure you use a highly qualified Title & Escrow company or an attorney who is knowledgeable in this subject area to ensure you remain compliant throughout the process. While all of this might sound daunting, it really boils down to meeting the dates and deadlines outlined in the contract!
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