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#1 Know What IS and IS NOT Included with Sale
There are very specific items that are automatically included in the Purchase and Sale Agreement, and that does not include the refrigerator, washer/dryer, etc.
You can write those into the contract, but you need to make sure that extra step is complete.
You don’t want to show up on moving day with nowhere to put your food!
#2 Don’t Assume You Move In on Closing Day
Simply signing documents at closing doesn’t mean you own the house.
You are not officially closed until money changes hands.
If the money to purchase is being wired, make sure that wire is initiated early in the day so that it makes its way to the seller’s side in time for you to take possession on closing day.
Don’t be stuck with your things in a U-Haul while you wait!
#3 Missing Deadlines is Deadly
If you don’t submit your earnest money on time the seller can terminate the contract.
This example is rare, but it does happen. If the Seller gets a better offer after going under contract with a Buyer and that Buyer misses the earnest money deadline. The Seller is able to terminate the contract and move on to the other offer.
Inspection contingency deadlines are another one to watch. If you don’t submit the required paperwork within your inspection period, you may unintentionally accept the house “as-is”
Questions?
Feel free to reach out. I am happy to help.
Wendy Monday
Broker,
PARKS Real Estate
615.642.1313
@wendymondaysellingnashville on social
