8 Common Reasons Your Deal May Not Survive Closing
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Pre-Post closing contract sale obligations may not survive closing unless there is proper contract language stipulated. Real Estate Contracts play such an important role in the real estate marketplace, real estate investors must have a thorough understanding of the fundamentals of real estate contracts & financing.
Here are 8 common reasons your deal may not survive closing.
1. Failure to secure real estate proper financing.
2. Seller does not have legal authority to sell the property.
3. Sales Contract contains an incomplete or inadequate legal description.
4. Property zoning is Inconsistent with Intended Use.
5. Failure to follow earnest money contract provisions.
6. Failure to recognize true acceptance of the real estate contract.
7. Allowing seller property possession after closing without a trunk-tight possession agreement.
8. Neglect to include a merger clause in the Sales Contract. (e.g. "This agreement contains the entire agreement of the parties" )
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EZhardMoney.resqfirmllc.com 1-877-571-0555 Max Yates