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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 Newport, Rhode Island mansion was built as a birthday present and incorporates 500,000 cubic feet of white marble?
A	The Vanderbilt Marble House was constructed by railroad baron William K. Vanderbilt for his wife Alva, who later divorced him, remarried and moved into a mansion down the street.
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Bonnie Ferrell, REALTORŽ, real estate agent and broker for Baton Rouge, East Baton Rouge and Ascension Parish, Louisiana home listings, property and land for sale - NUMBER1EXPERT

The Bonnie Ferrell Team
Bonnie Ferrell & Company, Inc.
P.O. Box 66714
Baton Rouge, LA. 70896
Phone: 225-926-7127
Fax: 225-924-0609
Email: bonnieferrellhomes@NUMBER1EXPERT.com
I realize that buying and selling a home is one of the most crucial financial transactions of your life. In what can be a confusing and sometimes difficult process, it pays to leave as little to chance as you can. With my help, you can navigate unknown territory with ease. To fill the specific residential needs of home buyers and sellers, the Residential Sales Council of the National Association of REALTORS institutes a class of expert real estate professionals: the Certified Residential Specialists (CRS). Fewer than 3% of all Realtors have earned the right to be called a "CRS". Fewer than 3% have developed special residential sales skills and enhanced their residential sales knowledge through education, dedication and experience. At Bonnie Ferrell & Co., Inc., I am proud of the fact that I have earned the CRS designation, and therefore have the knowledge and experience to assist you through the entire home buying process. Additionally I am also a licensed residential and commercial contractor. I have been actively building new homes since 1996. I invite you to put my vast skills and knowledge to work for you.

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