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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

Q 
What is considered one of the few remaining tax shelters in the 1990s?

A 
Homeownership--property taxes on a residence or vacation home are deductible up to $1 million.
See More Real Estate Trivia >

Dana Hancock, REALTOR®, real estate agent and broker for Jacksonville and St. Johns County, Florida home listings, property and land for sale - NUMBER1EXPERT

Dana Hancock
Re/Max Specialists

12646 San Jose Blvd.
Jacksonville, FL 32223
Phone: 904-287-4252
Toll Free: 866-430-6793
Fax: 904-677-7956
DanaHancock@comcast.net

As one of the top 5 Realtors in the entire Jacksonville / 5 county area, let my expertise work for you! If you want a top producer that is fun and down to earth, you've come to the right place. I think your home buying and selling process should be a team effort, so I will work for you and with you to make every step as seamless as possible. Listed as a top 10 agent by The Jacksonville Business Journal 2003-2008.

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