Question 1

What should I expect to see in the contract?

Accepted Answer

Your real estate agent is your fiduciary, guiding you from the very first consultation all the way to the closing day. With their expertise and insider know-how, they’ll break down the fine print, simplify the details, and make sure you fully understand (and feel confident about) every term and condition before you sign.

✅ Accuracy of all information in the contract
✅ The effective date of the contract, and why time and deadlines matter
✅ A full list of contingencies (financing, appraisal, home inspection, or even the sale of your current home)
✅ Seller’s property disclosure information
✅ A complete list of items that convey with the property (fixtures, appliances, etc.)
✅ Required inspections, such as a home inspection
✅ Move-in day requirements and possession details
✅ First right of refusal clause (if your offer is contingent on selling your current home, the seller may reserve the right to accept another offer first)

Question 2

How do I know when to negotiate and when to let go?

Accepted Answer

Your real estate agent will give you expert guidance, but the final call is yours. Meaning, how much is this home worth to you and what are you truly willing to pay? Sometimes that means standing firm… and sometimes it means walking away. Knowing when to let go is just as important as knowing when to make your move.

✅ A bidding war drives the price higher than you’re comfortable paying
✅ The appraised value comes in lower than your offer
✅ The home inspection reveals costly defects
✅ The sellers refuse to make reasonable repairs
✅ HOA rules or restrictions don’t align with your lifestyle

Question 3

Contract Pitfalls to Watch Out For

Accepted Answer

Your real estate agent will assist you in staying vigilant and aware of potential issues.

✅ Unrealistic deadlines – You’ll need enough time to schedule a home inspection, review the report, and finalize financing.
✅ Missed deadlines – Missing a deadline could cost you your chance to terminate the contract (and your earnest money deposit).
✅ Items that don’t convey – Be clear about what stays with the property and what doesn’t (like high-end appliances).
✅ Communication is key – Stay connected with your agent and lender to keep everything on track.

Contract details matter. Missing a deadline, overlooking items that don’t convey, or mismanaging contingencies can cost you your earnest money and even the deal. From inspection timelines to appraisal clauses and HOA reviews, buyers should stay sharp. The good news? Your real estate agent keeps you on track and helps you avoid these common pitfalls so your path to closing stays smooth.

Home-buying questions? Get clear answers, fast!

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Showing Homes

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Making an Offer

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Execute The Contract

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Schedule The Home Inspection

5

Get a Home Warranty

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Close on Your New Home

Home-buying questions? Get clear answers, fast!​​

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