Welcome to Real Estate Sales in Yuma TN. In Real Estate Sales, oral promises are never legally enforceable. Therefore, all sales offers must be in written form to be binding. This starts with a written proposal. This proposal not only specifies price, but all the specific terms and conditions of the purchase.
The following specific terms and conditions of the purchase include such things as:
- Address and sometimes a legal description of the property
- Sale price
- Terms of the sale – for example, all cash or subject to your obtaining a mortgage for a given amount
- Seller’s promise to provide unclouded title
- Target date for closing
- Amount of earnest money deposit accompanying the offer
- Method by which real estate taxes, rents, fuel, water bills and utilities are to be adjusted between seller and buyer
- Provisions about who will pay for title insurance, survey, termite inspections, etc.
- Type of deed that will be given
- A provision that the buyer may make a final walk-through inspection of the property just prior to the closing
- A time limit after which the offer will not be valid
- Any other contingencies
When evaluating a neighborhood you should investigate important local conditions. Depending on your own particular needs and tastes, some of these factors may be more important to you than others:
- quality of schools
- property values
- traffic
- crime rate
- future construction
- proximity to schools, employment, hospitals, shops, public transportation, prisons, freeways, airports, beaches, parks, stadiums and cultural activities such as museums, concerts and theaters.
