When Lane sold our home in a week after it had been previously listed for a year we were in shock! Our first response was joy, but our Minnesota skepticism wondered if it was prehaps just dumb luck. This thought was proved to be far from the truth as we ventured down the path of purchasing a new home.

Lane's knowledge and expert guidance was impossible to miss from the start. His experience in real estate put us at ease in the always frustrating and scary process of buying a home. When it came time to make an offer, I have no doubt his professionalism and market insight helped us land out dream home despite the multiple other offers.


- Andrea and Sean Harlin
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Contract Review

Sales contracts may differ significantly yet all should clearly set forth the responsibilities and privileges of all the parties involved. It is a legally binding document that protects each party. Carefully review the terms of the contract.

 

The sales contract should include the following:

 
• Legal description of the property and the exact street address
• Selling price of the property
• Amount of earnest money and who is holding it

• Amount due at settlement
• Specifics of the mortgage (amount, rate and terms)
• Title or Escrow company

• Details W of the closing - when and where
• Home inspection - Recommended to ensure against structural and unknown defects. Must be completed by a specific date set forth in the contract and completed by a cerified home inspector
• Inclusions and exclusions - Examples would include washers, dryers, drapes, etc.
• Pest Inspection - Who is responsible if there is damage or an infestation
• Warranties - Get the description of any that are included with the house
• Repairs – Unless you are accepting as-is, state who is responsible for repairs

• Well and septic – They must pass a test, if applicable
• Date of possession – When you take possession of the property
• Acceptance date – Either an acceptance or counter offer must occur by a specified date

 

Once the contract is signed, your REALTOR® will continue to be your advocate and ensure that your best interests are served.

 

Some of the details they will be available to handle are:

 
• Assist with scheduling all necessary pre-closing inspections

• Check finances are deposited according the contract specifications

• Keep you informed of any unseen problems that may arise and offer solutions

• Present a list of utility companies available for service

• Schedule and attend-the pre-closing walk through

• Prepare for and attend the closing

 

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