Real Estate Contracts, by Clyde Brown, Fremont Real Estate Expert

The real estate contract is perhaps the most important document for home ownership in the Fremont area. Another important document in the home ownership process is the agent contract. A professional real estate agent such as Clyde Brown of Legacy Real Estate & Associates will work on your behalf to insure the best possible outcome for your home search. After all, shouldn’t you trust the biggest investment of your life to a professional?

Contracts put the details of an agreement in writing. This is a helpful practice because everyone involved knows exactly what has been agreed upon. Contracts between a real estate agent in Ca and a buyer or seller disclose important information such as duration of the contract, who pays the commission, and the percentage of the commission. Once a buyer finds a home the process of a real estate contract begins.

The buyer’s real estate agent presents an offer to the seller’s real estate agent. It is common for a purchase offer to contain contingencies. Contingencies can be a double edged sword. They can protect the buyer, but too many contingencies can make the offer less desirable for the seller to accept. Real estate agents are experts in this type of negotiation. That is why it is important for both the buyer and the seller to retain a professional real estate agent in Fremont. A contingency is a condition that must be satisfied by either one or both parties in order to move forward with the sale of the property. If the contingencies are not met the contract can be terminated.

Some common contingencies found in real estate contracts in the Fremont area are:

- Home Inspection
- Financing

A home inspection can expose potential problems with the property. An expensive defect can be costly to repair. This does not mean the buyer should necessarily walk away from the sale. It does, however, give the buyer leverage to re-negotiate the contract, addressing the found problems. Sometimes a seller will offer to repair the problem. Another option is for the buyer to receive a credit at closing to cover the cost of repairs. A home inspection report gives both the buyer and seller a reference point for repair negotiations.

A financing contingency is extremely important. If acceptable financing cannot be secured, the buyer will not be obligated to purchase the home. A real estate agent can help a buyer with securing mortgage pre-qualification, which should reduce or eliminate the chances of financing issues.

There is a lot of free information available to you about buying, selling, investing, or relocating in the Fremont real estate market. If you are considering buying or selling property, planning to relocate, looking for East Bay Area homes for sale, or looking for any other information about real estate in the East Bay, or the surrounding areas, please visit the most complete website dedicated to everything real estate related www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Bay Area Realtor, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. For all your East Bay cities needs including Fremont, Newark, Union City, Hayward, Oakland, Santa Clara, Milpitas, Dublin, Livermore, Pleasanton, and San Ramon. Clyde Brown Legacy Real Estate & Associates.

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