Don’t sign without reading!
November 1, 2011 at 4:52 am Leave a comment
It’s amazing how few people read the purchase contract when buying a home. In many cases it’s not just the contract, but many additional pages that cover negotiations, repairs, and many other aspects of the ;purchase process. Many agents tell their clients that these are standard contracts (there is no such thing when you add additional pages or have to fill in blanks) and buyers, in order to look “sophisticated” ,sign the documents with reading or understanding what they signed.
I give my buyers a “buyers package” which includes many items, among them is a blank copy of a contract. I make another appointment, not to look at homes, but to go over the paperwork that is involved in the purchase process.
After everything is reviewed and understood ( I also encourage the use of an attorney if needed) then we go look at properties. In many cases, the price, the location and other factors that were originally considered are changed by the buyer to conform to their new knowledge.
It’s a win-win situation.
Nick Petra
Arizona Real Link
petra@azreallink.com
www.phoenixmetro.listingbook.com
Entry filed under: Uncategorized. Tags: phoenix metro must have Real Estate knowledge.
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