There is a lot of paperwork involved in the real estate process, and one of the most critical documents is the Residential Purchase Agreement (also known as a “buyer’s agreement”). Today, we’ll be discussing the ins and outs of page two of this document.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:
0:10 - Introducing today’s topic
0:30 - Explaining the “Verification of Down Payment” section
0:53 - Explaining the “Appraisal” section
2:13 - Explaining the “Loan Application” and “Loan Approval” sections
2:48 - Explaining the “Loan Contingencies” section
3:25 - Explaining the “Buyer-Stated Financing” section
4:10 - Explaining the “Sale of Buyer’s Property” section
4:43 - Explaining the “Addendums and Advisories” section
5:25 - Explaining the “Other Terms” section
5:40 - Explaining the “Inspections, Reports, and Certificates” section
6:13 - Explaining the “Government Requirements and Retrofit” section
6:36 - Concluding today’s message
If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.
