Friday, September 21, 2012

SELLING A HOME IN TODAY'S MARKET

Some brokers utilize contracts of sale which state as follows:

"This Contract is contingent upon approval by attorneys for Seller and Purchaser by the third business day following each party's attorney's receipt of a copy of the fully executed Contract (the "Approval Period"). . . . If either party's attorney disapproves this Contract before the end of the Approval Period, it is void and the entire deposit shall be returned."

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