In order to protect yourself from disputes over the condition of the property prior to sale, you must disclose any material defects concerning the property (such as damage caused by mold or water, etc.) that you have experienced, and complete the state-specific disclosure form provided by the sales contract. Treuhandservice refers to the situation in which the seller`s title deed is held by a neutral third party (the fiduciary agent) until conclusion (if all the conditions of the contract are met). At closing, Agent Escrow transfers ownership of the property to the buyer. If you need a certain type of loan to close the deal, for example. B an FHA or VA loan, you should also indicate this in your contract. If you pay all the money for the property, you should also indicate this, as this makes your offer more attractive to sellers. A common difficulty in buying real estate is the time it takes to get an acceptance of an offer. If acceptance is not received within a reasonable time, the supplier may consider the offer to be refused. In order to avoid uncertainty, a supplier must always indicate in its offer that it is open for a given period (five working days, two weeks or other). The contract must also specify the periods to be kept: (1) proof by the seller that he is the owner, (2) verification of the proof of ownership by the buyer, (3) correction by the seller of legal defects, (4) the closing date and (5) ownership by the buyer.
The absence of explicit time limits does not render the treaty unenforceable – the courts will inscribe a reasonable period of time – but their absence creates the possibility of unnecessary disputes. Once the offer agreement is signed, the broker becomes the seller`s agent – or, as occasionally, the buyer`s agent when mandated by the buyer. A broker is not a general agent with broad authority.. . . .