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Financing Your Home >Financing Clauses
Residential sales agreements usually have clauses referred to as financing contingencies which allow the buyers to declare the contract null and void if they are unable to obtain financing. This may be the most important condition in your contract if you are buying a home, so read the contract carefully before you sign it.
Most financing clauses set a time limit of from 30 to 45 days for obtaining a firm commitment from a lender. They may set deadlines for applying for a loan, and require the buyer's full cooperation in obtaining all the information needed to process your loan. If the loan is not approved by the deadline, it may be necessary to request an extension from the sellers or take specific steps to void the contract and get your deposit money back. Be sure to note all of the financing deadlines in the contract, apply for your loan as soon as possible, and be diligent about providing the lender with any documents that are requested.
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| Q |
What is the average age range of a second-home buyer in the United States?
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| A |
Currently, second-home buyers in America are most often between 41 and 44 years of age. |
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Kay Zagst
CENTURY 21 Keiser & Co.
704 Second Street
Marble Falls, TX 78654
830-693-3579
Fax: 830-693-4494
Kay@LakeLBJRealEstate.com
KAY ZAGST with Century 21 Keiser & Co. is a hard working, energetic real estate professional. Kay has 16 years of experience in the real estate industry and has been with the Century 21 System for 6 years. Kay has achieved "Master Agent" status three of those six years. "Kay is a leader and also an innovator in delivering powerful home choices to her clients because she knows the neighborhoods she serves and leads these communities with real estate expertise," stated Broker/Owner Charlie Keiser, of Century 21 Keiser & Co. "Kay's competitive intelligent professionalism and dedication make her a valued and trrusted real estate partner for the Marble Falls area community and a major contributor to the overall success of the Century 21 System. As one of America's #1 Real Estate Experts™ in the Marble Falls, Horseshoe Bay, Burnet, and Kingsland area, Kay is well equipped to guide you through all your real estate needs. Call or email her today!   
 
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