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Real Estate Contracts >Clean Contracts

"Clean" is a term that is often used to describe an offer on a house. A "clean" offer does not refer to the price of the house, but to the terms of the agreement. If you really want a particular house, the "cleaner" you can make your offer, the better.

What are the characteristics of a clean contract? A contract is considered "clean" when the buyers are paying cash or are clearly qualified for a mortgage, the sale isn't contingent on the sale of another home, the buyers don't ask the sellers to carry any of the financing, and if the closing date coincides with the sellers' needs. A clean contract doesn't have any unusual requests for repairs or insistence that certain articles convey that would not ordinarily stay in the house. A clean offer has an important competitive edge if you are offering less than full price or if you are in a situation where there is more than one offer on the property.

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Q	What does "contingency" mean in real estate?
A	A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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The Novosad Team, LLC, REALTORŽ, real estate agents and broker for Grand Rapids, Forest Hills, and East Grand Rapids Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

The Novosad Team, LLC
Keller Williams Realty
630 Kenmoor SE, Suite #101
Grand Rapids, MI, 49546
616-437-0209
616 464-1712
Cell: 616 437-0200
Fax: 1-866-553-6215
lisanovosad@NUMBER1EXPERT.com
We are a team of dedicated Realtors with 30+ years of combined experience and over 325 satisfied clients in the Grand Rapids area. You can count on us for superior service, upfront answers and professional results. Selling your Home?---In this challenging market, selling requires a team effort and a full-court press. We dont make empty promises or use hocus-pocus to market your property. We just get the job done! Buying a Home?--This is as much an investment decision as it is a lifestyle choice. Let us help you find the perfect blend. Relocating? -- When a transfer to West Michigan beckons, have us scout the road ahead for you to make a smooth transition. We also can refer a Buyers Agent to help you find a home in your new venue out of state.

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