• Closing Cost’s

    Posted Sep 5th, 2010 By Richard Landuyt in Legal With | Comments Off

    Q: I wrote an offer and asked agent to ask seller to pay closing cost. on my offer it doesnt say that it only states seller to pay escrow and titile insurance, and county transfer tax. are these the same as closing cost?

    A: No way are they the same. A offer, once it is accepted, is a legal contract! It is extremely important that you – reduce to writing – all the terms & conditions you want. If there is any other interpretation of the language on the agreement, it becomes ‘subject to interpretation’ & could end up in court (or at least a lot of hard feelings & misdirected anger). If that is the ‘exact’ language’ contained in your offer – you could have a problem. Address it now!

    • delicious
    • digg
    • reddit

    Richard Landuyt
    Licensed since 1979, I give you my personal guarantee that your real estate transaction will be the most organized process you will ever experience.


Comments are closed.

Copyright 2006 - 2010