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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 the world's tallest monument?
A	The stainless steel Gateway Arch in St. Louis, MO, designed by architect Eero Saarinen and costing $29 million to build, is 630 feet high.
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'ONLY' Orly and Her Team, REALTOR®, real estate agents and broker for Ringwood, West Milford and Wanaque New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

'ONLY' Orly and Her Team
Coldwell Banker Residential Brokerage
130 Skyline Dr.
Ringwood, NJ. 07456
973-962-5410
973-962-7007
Fax: 973-962-9697
Email: orly@onlyorly.com
SERVICE...Genuine premium service requires energy, commitment, knowledge, and efficiency. ORLY STEINBERG is the Hometown Realtor who has set the standard for service excellence in Passaic County. A Real Estate Professional since 1984, she is among Coldwell Banker's International President's Elite, a distinguished group regarded as the top one percent of the company's sales force nationwide. As an active participant in the local Ringwood, Wanaque, and West Milford communities, Orly's expertise is unsurpassed and will serve you well whether you are a Buyer or a Seller, Orly measures her success by her long-term relationships with clients and customers by whom she has long been known for her enthusiasm, integrity, and efficiency. Call or e-mail Orly for a professional real estate consultation today. You'll be glad you did!

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