Port Angeles Real Estate

Once you've found piece of [Profile.market2] real estate that you like, the next step is the purchase offer. Buyers are often times intimidated by what seems to be a complicated legal document. In reality, the purchase offer is much simpler once it's explained and properly understood. In this article, I'll give a brief overview of the purchase offer process, including the most important clauses to include in your purchase offer.

The purchase offer is a binding legal document that covers all the details of the sale. It includes the sale price, contingencies, financing details, closing costs, repairs needed, closing date and a lot more.

The selling price is obviously the most important factor in a purchase offer. However, the clauses you include in your purchase offer are also vitally important. The clauses or contingencies in the contract are what protect you from making a purchase before you have all the information you need.

Some of the more important clauses to include in your contract are:

1) The Inspection Clause

On any Port Angeles WA property you put an offer on, this is an absolute must. This clause states that as the buyer, you have the right to inspect the property. The offer is contingent on your approval of the results of the inspection.

2) The Financing Clause

If you didn't have the financing clause and you backed out of the contract because you didnít qualify for your loan, you would lose your deposit. The financing clause basically says that the contract is contingent on you getting the loan you're applying for.

3) Contract Assignment Clause

For Port Angeles real estate investors, this is an important clause. This gives you the right to flip the deal to other investors or get other people involved if necessary. Basically, this clause removes you from being the only person who can close the deal.

These are some of the most common and most important clauses in a real estate purchase contract. Although the legal language in the contract can be intimidating, just realize that all the document is meant to do is protect the buyer, seller and their agents by covering every possible point before the purchase.

There is a lot of free information available to you about buying, selling or investing in Port Angeles real estate. For complete information about the Port Angeles real estate market including, homes for sale, land for Sale, buyers and sellers info, home values,  relocating information &… Much More … Visit my Website:  www.PortAngelesRealEsateServices.com  There you’ll find everything you need to know about Port Angeles Washington Real Estate  

Feel free to contact me (Steve Edwards) at anytime. I’ll be happy to answer / address any questions or concerns you may have.  Call me anytime …J  Toll Free:  (866) 359-9099  or Email to: steveedwards@olypen.com

Thank you for your time!
 
Steve Edwards – Realtor – Broker
Real Estate Professional
Strait Realty
Port Angeles, WA