The Property Emporium's National Relocation Service

                                           The Buyers Guide To Real Estate                                                                                                      By Robert A Reynolds                                                                                                           The Offer To Purchase

What is a financing contingency in a contract?

This quite simply means if you cannot obtain financing under the terms specified in the contract, then the contract will be void and any earnest money deposit returned to you. (The charge for the credit report is deducted from the earnest money returned to you.) You are, however, expected to make a sincere effort to obtain financing, your PROPERTY EMPORIUM  NATIONAL RELOCATION SERVICE agent will assist you in this effort.

• You found it! Your dream home. You want to buy it, now what?

• What is an offer to purchase contract? Is it binding?

• After I sign the offer, what happens next?

• Do I have to pay a deposit at the time I make an offer to buy?

• What about termites?

• What is a financing contingency in a contract?

• What about personal property?

• What about repair work?

• What about closing date and occupancy date?

                                                           Planning

                                                          Choosing

                                                    Money & Financing