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Monday, April 18, 2011

Real Estate Contracts - Time is of the Essence....

I am not an attorney nor do I play one on TV.**

As a real estate agent I am constantly amazed (too strong?) at the lackadaisical attitude I see some buyers or sellers (really their agents) take in addressing issues and processes associated with real estate transactions.  The reality is real estate transactions are stressful to all parties to the transaction.  Complying with the time line is a simple way to ease a bit of the transaction jitters and stay within the contract obligations.

As a buyer or seller involved in a real estate transaction remember there are time lines that begin with each step of the transaction -
  • from offer to acceptance, 
  • counteroffer to acceptance or rejection, 
  • for inspections and requests for repairs or to walk away,
  • for receipt and review of homeowner association or condo association documents, 
  • and closing.
In real estate, time is of the essence. Don't lose track of the calendar!

**This is not an attempt to offer legal advice - only to encourage all parties to be cognizant of the calendar!

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