Lines 11-12: Verify parking and storage details carefully. In condominiums, parking spots may have separate PINs. If the title agent misses this detail, your client might purchase the condo without the parking space. Similar issues can arise with storage units. Always verify these details before contract signing.
Line 42: Earnest money is essential for a valid contract. Without deposited earnest money, there is no binding contract, and a buyer could withdraw from the deal without breach. Always verify earnest money has been deposited.
Line 122: Monitor property tax assessments. If your property is due for reassessment, the new tax amount could be significantly higher. Verify the assessment status before finalizing the contract.
Line 135: Submit attorney review documents promptly. If you miss the attorney review period, you lose the opportunity to modify the contract for your client’s benefit.
Page 13: Complete all contact information thoroughly. Accurate contact details for all parties are essential for smooth communication throughout the transaction. Find out more at https://www.ralislaw.com/