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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	What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer?
A	Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property
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The Matt Dimmick Team, REALTORŽ, real estate agents and broker forAnchorage, Eagle River and GirdwoodAlaska home listings, property and land for sale - NUMBER1EXPERT(tm)

Matt Dimmick
Keller Williams Realty Alaska Group
101 W. Benson, Suite 503
Anchorage
Alaska 99503
Cell: 907-360-3474
Toll Free: 1-866-651-3474
Office: 907-865-6520
Fax: 907-865-6523
CaptMatt@Alaska.net
Matt Dimmick is a top producer and an associate broker at the best real estate firm in Alaska! Keller Williams is the fastest growing real estate company in the world, and the only one that offers the highest level of training, a culture of doing the right thing and helping others, and profit sharing. It is a real estate company built by the Realtors that make it great. Keller Williams Realty will be #1 in Alaska, in a very short period of time. He is considered by his clients to be very attentive, communicative, informed, honest, and most importantly, very knowledgeable about the local market and neighborhoods. He is a full service real estate professional!

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