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.
f you have any questions about this real estate tip - or any other tips you may have heard elsewhere - please do not hesitate ask! There is no obligation and you'll hear back quickly!
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Bill Cullin
Your Real Estate Source at the Delaware Beaches
Call or Text: (302) 841-7147
Toll Free: (800) GO-BEACH, Ext 27117
Email: Bill.Cullin@LNF.com
Websites:
DelawareBeachRE.com
TheHenlopen.com
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ACCREDITATIONS & AWARDS:
*2025-18th Consecutive Year: Top Producing Agent at Long & Foster’s Rehoboth Beach Office
*2025-5th Consecutive Year: Overall Top Producing Individual Agent in Delaware at Long & Foster
*2025-4th Consecutive Year: Member of the Long & Foster’s Gold Team Master Club Level, with sales volume $29 million
*2023-National Assn. of Realtors Resort and Second Home Property Specialist Designation Earned
*2025-12th Consecutive Year: Five Star Professional Award-Winning Sales Agent
*2025- Named to the RealTrends Verified list of America’s Top Agents.
*2025-14th Consecutive Year: “Zillow.com 5 Star Professional”, with “Best of Zillow” designation awarded in 2024
* Top Selling Realtor at The Henlopen Condominium, with 47 Transactions, Exceeding Sales of any other Agent or Team in the State of Delaware
Long & Foster Real Estate, Inc.
37156 Rehoboth Avenue Ext, Suite 5
Rehoboth Beach, Delaware 19971
Office: 302-227-2541, Ext 27117
