Get it Inked or it Didn’t Happen
Amidst the rapid banter and emotional highs of pursuing a home, it’s easy to let things slip through the cracks, go unnoticed, or allow them to fall by the wayside. Fortunately, there is, along with endless conversation, endless paperwork. It is important to get them written down, as verbal contracts in the midst of a complicated negation process do not go far.
Paperwork and Reasons to get in writing
During the process of purchasing a home, you will file articles of paperwork to make an offer, agree to your responsibilities versus those of either the bank or seller. Things not usually covered in this paperwork, though, are things like inclusion of furniture or appliances, expectations regarding disclosures of home history, and anything else that would be difficult to prove. It is also worthwhile discipline for the future, as a contract is the best way to clarify expectations, measures results, and avoid disappointments.
When writing a contract, use firm descriptive language. Unless otherwise stated, contracts of this nature stay valid for a “reasonable time.” So even if you are in the initial stages of negotiation, it’s not a terrible idea to approach things with the mindset that if it didn’t get put on paper, it didn’t really happen.
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