Real estate transactions involve various legal and contractual obligations that buyers, sellers, and investors must understand. Terms and conditions play a critical role in defining the rights and responsibilities of all parties involved. This article explores key real estate terms and conditions to help navigate the complexities of property dealings.
Purchase Agreement This legally binding contract outlines the terms of a property sale, including the price, payment schedule, closing date, and contingencies such as financing and home inspections.
Title and Ownership The title confirms legal ownership of a property. Title searches and title insurance help verify that the property is free from encumbrances, disputes, or liens.