Montgomery, Newburgh and Highland Mills New York real estate listings, home buying, selling and relocation information

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Real Estate Contracts >Deadlines

Both buyer and seller should be aware of all of the deadlines in their purchase agreement. Each contract is different, but there are usually time limits covering the structural contingency, the financing application, the loan commitment, and the closing.

If you are a careless buyer, you could lose your right to ask a seller to pay for needed repairs. There may be a limit on the time the seller has to respond to the buyer's request to complete repairs that are not required by the contract. Failure to apply for your mortgage on time may place your deposit at risk if the loan is denied. In many cases, the agreement can be declared null and void by the seller if financing is not approved within the time frame set forth in the contract. A delayed closing can cost the sellers money, and they may ask the buyer to reimburse these expenses.

Work closely with your real estate agent to ensure that all of your transaction deadlines are met.

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Q	What characteristics must a home have to be considered a prestigious property?
A	Unique architectural design; Highly desirable location; celebrity status--owned by a well-known person.
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Lorna Sherland, REALTORŽ, real estate agent and broker for Montgomery, Newburgh and Highland Mills New York home listings, property and land for sale - NUMBER1EXPERT(tm)

Lorna Sherland
Keller Williams Realty
229 Route 32, Suite 1
Cental Valley, NY 10917
Tel: 845-629-1675
Tel: 845-928-8000 X330
Fax: 845-928-9774
Email: lornasherland@NUMBER1EXPERT.com
Lorna Sherland has resided in the Town Montgomery, NY for approximately 10 years, and just recently relocated to the small Town of Clintondale,in Plattekill, New York. Originally from Kingston Jamaica, Lorna relocated from Bronx, NY to scenic Orange County because the area reminded her of her original environment in Kingston, Jamaica. She resides here in the small Town of Clintondale with her husband and son, who's currently in college and a graduate of the Valley Central School District. Lorna is herself an alumni of Marist College. She prides herself in taking care or her clients and customers real estate needs with the optimum professionalism. She listens, then executes!! Along with her motto of "Always at work for you" & "Success Without Limits", she strongly believes in the Keller Williams culture of "Win Win or No Deal".

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