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real estate contingencies
Most sellers treat the moment their offer is accepted as the finish line. It isn't. A signed Georgia purchase contract binds you right away, yet for its first stretch it barely binds your buyer at all, and that lopsided arrangement is exactly what trips up people selling for the first time. This article breaks down how that gap works in Metro Atlanta, the difference between two payments that sound...
No, Georgia law doesn't require a termite letter to sell your home. But most lenders do.If you're selling in Mableton, or anywhere else in Cobb County, you've probably heard the term "termite letter" thrown around without much explanation. It's one of those closing-table documents that nobody thinks about until a lender's checklist flags it, and by then, sellers are sometimes surprised to learn it's not...
Accepting an offer usually feels like the hardest part is behind you. Then you learn the buyer's own house hasn't sold yet, and suddenly your closing depends on a transaction you have no control over.That situation isn't rare. It's a normal part of a lot of sales, and understanding exactly how it works, and the one tool that protects you from it, matters more than most sellers...
You don't have to say yes to everything on the list. A repair request is an offer to amend your contract, not a demand.Here's a number that surprises a lot of sellers: 83% of buyers use their inspection report to ask for something, a repair, a credit, or a lower price. If you're selling anywhere in Cobb County, from Marietta to Smyrna to Acworth, or across the line into Cherokee County in Woodstock or...
Does an old roof actually affect your home sale in Georgia? Yes, not because of anything you signed, but because your buyer has to get their own new homeowners insurance policy, and insurers underwrite new policies far more strictly than they treat existing customers. If your buyer can't get insurance, their lender won't fund the loan, no insurance means no mortgage, no mortgage means no closing. A roof...
A signed contract can feel like the finish line. In this market, it's often just the start of a new set of deadlines.If a buyer backs out of your Cobb County sale, here's exactly what happens to your contract, and to your earnest money. What Happens If a Buyer Backs Out of Your Home Sale in Georgia? It depends on when they back out. During the due diligence period, a Georgia buyer can usually...
Most sellers never hear this stat until it's already their problem: roughly one out of every seven contracted home sales in the U.S. collapses before it ever reaches the closing table. We're not talking about listings that don't sell, we're talking about deals where a buyer was already locked in, paperwork was signed, and a moving date was circled on the calendar.When that happens, it's far more than a...
The first time most sellers hear the word "contingency" in a real estate transaction, it lands somewhere between confusing and slightly alarming. It sounds like fine print. It sounds like something that could go wrong. And honestly, that instinct isn't entirely off — contingencies are the conditions built into a purchase contract that give buyers a legal exit ramp if certain things don't go the way they...