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Buying a Home

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When you receive an offer and negotiate terms that are acceptable to both you and the buyer, you still have not officially sold your home. More often than not, the buyer has written in a clause to his/her offer that an inspection is to be performed, and they may terminate the transaction based on the results of the inspection.

Sometimes a buyer may have trouble with financing, that can kill a transaction after an offer has been accepted. If a buyer is unable to obtain financing for the amount the lender appraises the home for, the buyer is unable to buy the home. Many times these surprises happen just when you’ve almost reached the closing date. You can only congratulate yourself once the deed has been recorded, and the funds have been transferred to you.

 
 
 
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