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Real Estate Contracts >Deadlines
Both buyer and seller should be aware of all of the deadlines in their purchase agreement. Each contract is different, but there are usually time limits covering the structural contingency, the financing application, the loan commitment, and the closing.
If you are a careless buyer, you could lose your right to ask a seller to pay for needed repairs. There may be a limit on the time the seller has to respond to the buyer's request to complete repairs that are not required by the contract. Failure to apply for your mortgage on time may place your deposit at risk if the loan is denied. In many cases, the agreement can be declared null and void by the seller if financing is not approved within the time frame set forth in the contract. A delayed closing can cost the sellers money, and they may ask the buyer to reimburse these expenses.
Work closely with your real estate agent to ensure that all of your transaction deadlines are met.
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| Q |
What is the legal term used to describe the right of the U. S. government to condemn private land for public use?
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| A |
Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property. |
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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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