Wednesday, January 7, 2009

Contracts and your Aurora Real Estate Agent

You've done the research, searched for real estate everywhere from Douglas County to Jefferson County, and have finally found your perfect home. Don't wait! Get it under contract as soon as possible. The contract is your tool to get the home temporarily off the market, and will give you a bit of time to work out your loan with the lender.

If you are working with a real estate agent, the first thing you will want to do is to read over the contract with your agent. He or she has been trained to understand all aspects of the contract and will be able to tell you if anything is amiss. Your Aurora real estate agent will also be able to add any specific clauses that you need and will be able to make any necessary adjustments. These adjustments may include a time period for you to get your loan in order, or it may include clauses on the overall condition of the home. Whatever you and your real estate agent choose to put in the contract will need to be very specific and carefully worded. The contract is protection against possible litigation for both the buyer and the seller.

Contracts can seem intimidating, but they don't have to be. A professional Aurora real estate agent will be able to answer any questions you may have, and when the contract is written and ready he will pitch it for you. A real estate contract, like any other contract, can be lengthy and confusing, but they can work to the advantage of both the buyer and/or the seller when handled professionally.

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