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A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...
A 72-hour clause is a seller contingency in real estate contracts that allows the seller to accept a backup offer if a better one comes along. Learn how it works, when it was updated, and what are the pros and cons of using it.
A purchase and sale agreement (PSA) is a contract between a buyer and a seller of real estate, stock, or other assets. In the oil and gas industries, a PSA is the primary legal contract for exchanging oil and gas assets.
A state park on the North Shore of Lake Superior with campsites, picnic areas, hiking trails and waterfalls. Learn about the history, wildlife and attractions of this park, and how to access it by car or footpath.
Typically, homebuyers pay around 2 percent to 5 percent of the home’s sale price in closing fees, while sellers pay slightly more — between 6 percent and 10 percent of the home’s price ...
The closing (also called the completion or settlement) is the final step in executing a real estate transaction. It is the last step in purchasing and financing a property. [ 1 ] On the closing day, ownership of the property is transferred from the seller to the buyer.
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