Easily Hide Tick in the Real Estate Purchase Agreement

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How to Hide Tick in the Real Estate Purchase Agreement

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today im giving you the last in the series of seller focused videos with tips about getting paid and contracts and were going to discuss how a seller can persuade a buyer to actually walk away from a purchase offer and were going to get started [Music] hello and welcome back to all things knoxville with me ben bereto your local real estate pro and relocation expert for east tennessee before we jump into todays video as always i want to remind you that i make videos just like this every single week so if you like this video and if youd like to see more videos like it please hit the subscribe button give this video a thumbs up maybe share this video with someone that may find it helpful or educational lastly if you are thinking of moving to east tennessee or somewhere in between and you have questions you need information and answers or you just need a great realtor give me a call send me a text shoot me an email or sign me up or you go sign up on my website and uh listen i love hel

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is an example of sold as is?

For example, a seller of a used automobile sells it to a buyer, and puts into the contract of sale the statement: The buyer accepts the automobile as is, with all faults. Two minutes after the buyer drives off with it, the car stalls, and the engine seizes.

What is the as is condition clause?

What is An As-Is Clause? An As-Is clause is a type of contact clause used in a real estate agreement. Its effectively a disclaimer that tells the buyer they are purchasing a real estate property under their own judgment, and not based on the representation or statement of the seller.

What is the most important condition to be met in a purchase agreement?

First and foremost, a purchase agreement must outline the property at stake. It should include the exact address of the property and a clear legal description. Additionally, the contract should include the identity of the seller and the buyer or buyers.

What should be included in a purchase agreement?

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

What are the 5 essential elements of a contract in real estate?

Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.

What is a detailed as is clause?

As is refers to a term used in sales contracts where the buyer agrees to buy a product in its current condition, without legal recourse should the buyer discover a defect in the product after purchase.

How do you write an as is clause in real estate?

Proposed clause: The Seller is selling this property in As Is condition. Buyer acknowledges and agrees that Buyer is accepting the Property As Is without any warranties, representations or guarantees, either expressed or implied, of any kind, nature or type whatsoever from or on behalf of the Seller.

What is as is verbiage for a contract?

WHAT IS AN AS IS CLAUSE? AS-IS clauses are best described as a species of disclaimer of reliance clauses. Under such clauses, a buyer generally agrees that she is entering a contract to purchase real estate relying solely on her own judgment and not on any statement or representation by the seller.

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