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Real Estate Tips
Real Estate Contracts >The Purchase Contract

An important part of being an informed buyer or seller in a real estate transaction is understanding the purchase contract. Before you sit down with an agent to make a written offer to purchase a home or receive an offer on your home, you should take a look at the real estate forms used in your area.

In some areas the real estate agents use standard contracts which have been approved by the local Board of Realtors. In other parts of the country, agreements that contain a significant number of clauses are drawn up by real estate attorneys. You should get a copy of the paperwork you will be signing so that you can read it at your leisure and absorb the information.

Don't hesitate to ask questions about anything that you don't understand; and if any of the standard clauses do not fit your particular situation, you can discuss the wording that you would like to have changed. The key is to familiarize yourself with the paperwork before you have found your new dream house or buyers for your home.

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Real Estate Trivia
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What is a Buyer Broker?

A 
A buyer broker represents buyers, helping them to find the best property and negotiate the best purchase price and terms.
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Holly Peters, REALTOR®, real estate agent and broker for Harrison Township, St. Clair and Macomb, Michigan home listings, property and land for sale - NUMBER1EXPERT

Holly Peters
RE/MAX Advisors

34350 23 Mile Rd.
Chesterfield, MI 48047
Holly's Cell : 810-300-4015
Office: 586-725-1900
Fax: 586-725-0333
REOactionhomes@gmail.com

The Action Homes Team, your source for HUD homes and Michigan Real Estate, welcomes you. Everything you need regarding buying a first home in Michigan can be found here.

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