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When you're serious about buying or selling a home, make your next move your best move with Kelli Sheppe - Charlotte's Best Move. 704-533-2860.

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  • About Kelli Sheppe and Michael Fournier - Information about Kelli Sheppe and Michael Fournier of Charlotte, Matthews and Ballantyne, North Carolina?

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Real Estate Tips
Real Estate Contracts >Sales Contracts

The purchase or sale of a home is one of the most complicated business transactions most people will be involved in during their lifetime. Whether the print is large or small, there is a lot of it! The purchase agreement covers not only the price of the property, but has many paragraphs governing the terms under which it will be conveyed to the new owners.

When you list your home for sale or when you begin your search for a new home, ask your real estate agent for a copy of the standard sales agreement. Familiarize yourself with the document ahead of time, and make certain you understand the responsibilities of both parties between the initial meeting of the minds and the closing date. You should be aware of all of the deadlines in the 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.

You greatly increase the chances of a smooth transaction by being fully informed about the sales contract.

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Real Estate Trivia
Q 
What does "contingency" mean in real estate?

A 
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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Kelli Sheppe and Michael Fournier, REALTOR®, real estate agents and broker for Charlotte, Matthews and Ballantyne, North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Kelli Sheppe and Michael Fournier
Helen Adams Realty

15235 John J. Delaney Drive
Charlotte, NC. 28277
Direct:: 704-533-2860
Office: 704-541-9009
Toll Free:: 888-533-2860
Fax:: 866-836-5974
Michael: Michael@LivingCharlotte.com
Kelli: Kelli@LivingCharlotte.com

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