I am in a contract to purchase a house. I have a question for real estate guys.

[GeauxLSU]

Get a new agent. They make good money. No reason to have one that doesn't know what they're doing or folds at every turn. I've had both. A good agent is worth every cent they make and then some. A bad agent isn't worth a dime and in too many cases can wind up costing you a fortune.

 

[GeauxLSU]

I'm not sure where to find that? This is my first time buying a house.

Should be spelled out clearly in the contract. One of the very few items potentially hand written in the body.
Send me a copy if you'd like.
Is this Georgia or Alabama?

 

[Bypass]

If you are within the "due diligence" period and want to walk, by all means walk away. Like GeauxLSU said, your agent should be there for you. If you are out of due diligence you can walk, but will most assuredly lose you deposit.

I'm not sure about due diligence and whether or no I'm still in it. I requested these repairs last Thursday and today is 2 weeks being under contract. They counter offered today.

 

[Bypass]

Should be spelled out clearly in the contract. One of the very few items potentially hand written in the body.
Send me a copy if you'd like.
Is this Georgia or Alabama?

Alabama. I would send a copy but I can't copy and paste or forward it. It is some kind of weird system I can only take pictures of it.

 

[4ssss]

I believe Real estate contracts state the property sale is pending upon a proper home inspection being done and accepted by buyer. It's obvious the seller doesn't want to do repairs, so he counters. If you decline, you get your money back.

 

[GeauxLSU]

Alabama. I would send a copy but I can't copy and paste or forward it. It is some kind of weird system I can only take pictures of it.

Here's an example. Your contract should be very similar. Note section 7i on this one. https://www.cityofmobile.org/uploads/201030123248SAMPLEPURCHASESALEAGREEMENT-EXHIBITB.PDF

 

[4ssss]

Your answer is also in section 3

If the title is not marketable, or other contingencies or provisions as hereinafter specified cannot be met, this deposit is to be refunded to Buyer

 

[Bypass]

Here's an example. Your contract should be very similar. Not section 7i on this one. https://www.cityofmobile.org/uploads/201030123248SAMPLEPURCHASESALEAGREEMENT-EXHIBITB.PDF

I sent you a copy of the contract sorry I could only take photos.

 

[Spas-12 Owner]

I believe Real estate contracts state the property sale is pending upon a proper home inspection being done and accepted by buyer. It's obvious the seller doesn't want to do repairs, so he counters. If you decline, you get your money back.

Nope. Some can, but not all.

A offer, acceptance of that offer and a consideration.

So, a legally binding contract would be as simple as:

I offer you $350 for your house at 123 Main St.

Signed buyer and seller.

That simple of a contract is enforceable.

To the OP:

It's Dot loop. Buttons are on the right to download. Dot loop also emailed you a PDF copy of what you signed.

If Alabama is anything like GA and South Carolina ( states I'm licensed) it's on the first page.

It will have the property address, sell price, earnest money and most key dates including your due diligence ends date.

However, your realtor should have already told you those days, the day you signed the contract or went binding.

 

[Bypass]

Nope. Some can, but not all.

A offer, acceptance of that offer and a consideration.

So, a legally binding contract would be as simple as:

I offer you $350 for your house at 123 Main St.

Signed buyer and seller.

That simple of a contract is enforceable.

To the OP:

It's Dot loop. Buttons are on the right to download. Dot loop also emailed you a PDF copy of what you signed.

If Alabama is anything like GA and South Carolina ( states I'm licensed) it's on the first page.

It will have the property address, sell price, earnest money and most key dates including your due diligence ends date.

However, your realtor should have already told you those days, the day you signed the contract or went binding.

She didn't.