All Real Estate Contracts Are Not Created Equal
Beware of “Boiler Plate” Real Estate Contracts
Many traditional real estate agents use pre-printed contract forms that are weighted in favor of their client, the seller. These contracts may include hidden costs for you, the buyer.
Hidden Costs to the Home Buyer
Our agents always look out for your best interest. We will be on alert for hidden costs in the contact such as closing costs charged to the buyer that could instead be paid by the seller. We will look for statements such as, “whatever the prevailing rate of interest”, or “seller must approve of the buyer’s choice of Home Inspector”’ which can mean added expense and aggravation for you, the buyer.
Some Red Flags
Our agents are trained to spot other potentially troublesome or costly items including:
1. Sellers retaining possession of the home or property after the time of closing.
2. Selling broker using firms in which he/she owns an interest for services charged to you, the buyer.
3. Selling agent using firms for services rendered to you when those firms offer financial incentives to the agent.*
Real Estate Buyer Contracts
The Buyer’s Agent of Nashville & Middle Tennessee helps protect your personal and financial interests from the preparation of you offer through closing.
Once an offer is written and the seller accepts it, the offer becomes a contract. The closing agent must follow the terms of the contract at the time of settlement.
The Buyer’s Agent of Nashville & Middle Tennessee uses contracts that are specifically designed to help protect our client, the buyer. Our contracts are prepared with built-in buyer protection, such as your choice of a professional property inspector. We help protect you from paying unnecessary closing costs*, ending up with an undesirable mortgage, and living with problematic and costly terms and conditions.
*The Buyer’s Agent of Nashville & Middle Tennessee is always going to shop for the best and most competitively priced services including loans, mortgage rates, home or property inspectors, and insurance regardless of incentives. Any financial incentives offered to the agent by the selected services will be given to you!
Protecting your interest in the real estate contract is only one of the ways The Buyer’s Agent of Nashville & Middle Tennessee can help you in your next home purchase. To find out more…
Have questions? Email and agent directly.
You made an offer, now what?
Guidelines For Clients
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