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Tag: contract

Counting Days in a Contract

Counting days in a contract can often be confusing.  If you put a 7-day inspection contingency in the contract, how many days is that?  Is that business days or calendar days?  What day do you begin to count, and what time of day does the...

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Rent-back agreements: Perks & Pitfalls

While rent backs are popular in our current low inventory market, they can subject both the buyer and seller to unexpected risks. We’ve put together a Quick Guide that overviews some of the perks and pitfalls of the post-settlement occupancy...

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The bait ‘n’ switch continued…

In Part 1, we looked at a scenario where a purchaser (Offer B) was attempting to switch from an “all cash” purchase to using lender financing under the GCAAR Regional Sales Contract, after the contract had been ratified. We concluded...

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Buying a newly renovated house

I am putting in an offer on a recently renovated house and I am not sure the sellers got permits. Is there a way to protect myself in the contract? Buying a newly renovated house is always an adventure. What do you ask for and what don’t...

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