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Legal Effects of Selling a Home In Greater Fort Smith
There are several legal issues that can effect selling a Greater Fort Smith home. While a Realtor can not practice law, your KRG consultant can help your understand some of the legal issues that pertain to selling your home.
Once an agreement is reached, buyer and seller has certain tasks that must be performed. In Fort Smith, there are two standard contingencies that are part of our standard real estate contract.
The first is a financing contingency.This means that the sale of the property is subject to the buyer’s abilty to obtain financing with a lender of the buyer’s choice.
The second option is an inspection contingency. This contingency says that a seller has the right to inspect at the expense of the buyer, but with the cooperation of the seller, and any unecpected repairs may become part of a re-negotiation.