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Real Estate Contracts >Deadlines
Both buyer and seller should be aware of all of the deadlines in their purchase agreement. Each contract is different, but there are usually time limits covering the structural contingency, the financing application, the loan commitment, and the closing.
If you are a careless buyer, you could lose your right to ask a seller to pay for needed repairs. There may be a limit on the time the seller has to respond to the buyer's request to complete repairs that are not required by the contract. Failure to apply for your mortgage on time may place your deposit at risk if the loan is denied. In many cases, the agreement can be declared null and void by the seller if financing is not approved within the time frame set forth in the contract. A delayed closing can cost the sellers money, and they may ask the buyer to reimburse these expenses.
Work closely with your real estate agent to ensure that all of your transaction deadlines are met.
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| Q |
Which city in the U.S. has the longest formal name, but the shortest abbreviated name?
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| A |
El Pueblo de Nuestra Senora la Reina de los Angeles de la Porciuncula is the full name for Los Angeles, known as "LA". |
 See More Real Estate Trivia > |
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Ivey Geisler and Kitty Mark
Keller Williams at the Parks
444 North Mills Avenue
Orlando, FL 32803
407-491-6857
Fax: 407-650-3131
realteam@NUMBER1EXPERT.com
The Real Team specializes in Buyers and Sellers in Central Florida. They have over 20 plus combined years of experience in Real Estate in the Orlando area. Whether you are interested in Luxury Homes, Golf-Front Property, Lakefront Property, Foreclosures or Short Sales, Ivey & Kitty can assist you with your needs. They pride themselves in knowing the market and staying up to date with the education that will enable them to properly educate and advise their clients in this ever changing market.
If you are relocating to the Central Florida area, they will be able to assist you with schools, neighborhoods, businesses, and any other questions you might have about the area. They also stay in touch with numerous business people in the area that can answer the questions they cannot. Whether you are looking to move to a larger home or a smaller home, they can sell your existing home and assist you with finding a new home.
Their marketing efforts will help to get your property sold in a short period of time. They have exposure on numerous web sites that attract international buyers, as well as local and out of the area buyers. Thru the proper technology, they are able to immediately respond to inquiries about listings, which will help to get your property sold.    
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