We recommend that you contact a residential real estate lawyer prior to signing an agreement of purchase in order to obtain legal advice with respect to your rights and
obligations as a home buyer.
Not exact matches
These low money down
home loan programs are preferable to zero down programs because they require
buyers to have some skin in the game — and when
buyers have skin in the game, they are far more likely to meet their new
obligations as homeowners.
As a result of these standards, first - time
home buyers with high student loan debt (possibly on top of other
obligations, like credit cards and auto loans) can encounter additional hurdles to mortgage approval.
Make sure that
as a listing agent, you find out the details of any rental contract to be assumed by the
buyer and disclose them, especially if there are large cancellation penalties or if the
buyer must continue with, for example, any
home monitoring
obligations.
Contractual
obligations —
As there are many negotiable items in the contract, you may also pay for
home warranties, surveys, some of the
buyer's closing costs, etc..
This Advisory is designed to assist
home buyers in meeting their
obligation to satisfy themselves
as to the condition and desirability of property they are interested in purchasing.