What is the Condo Docs and Budget Review Contingency? Ask Charles Cherney Series скачать в хорошем качестве

What is the Condo Docs and Budget Review Contingency? Ask Charles Cherney Series

What is the condo docs and budget review contingency? ❓How can I help you 👉 https://bit.ly/2Ve9riZ In Cambridge and Somerville, the majority of buyers are purchasing condominiums. An offer on a condominium typically includes a condo docs and budget review contingency. For an offer on a condominium, a condo docs and budget review contingency - with said review to be completed by the time of the signing of the purchase and sale - is a standard contingency. In my own experience, I cannot imagine that this contingency being removed will be the deciding factor for a seller in a multiple offer situation. It is a standard contingency. That being said, some buyers are removing the condo docs and budget review contingency from their offers. Amazing! 📑 What is the condo docs and budget review contingency? In Cambridge and Somerville, MA the majority of buyers are purchasing condominiums. And an offer on a condominium typically includes a condo docs and budget review contingency. As an experienced agent involved in many condominium transactions since 1999, I have seen offers without a condo docs and budget review contingency.😳 It never ceases to amaze me when this contingency is left out of an offer on a condominium. I don't recommend leaving this contingency out of an offer on a condo. Interestingly enough, buyer agents who work in markets that don't include many condominiums sometimes forget to include the condo docs and budget review contingency in an offer on a condominium. Not good!❌ The condo docs and budget review contingency is an important contingency because reviewing the condo docs and budget is an important step in the process of purchasing a condo. In the video, I explain what they are, why they are important, and exactly what they do for you as a condo buyer. ✅ Cambridge and Somerville have been hot real estate markets since the middle of 2012. Multiple offer situations are quite common. Many buyers are dropping contingencies from their offers to make them more attractive to sellers. If you are making an offer on a condominium, I strongly encourage you to preserve the condo docs and budget review contingency in your offer. In my own experience as a top agent, I have never seen the condo docs and budget review contingency be the deciding factor in a seller's decision-making regarding which offer to accept. The condo docs and budget review contingency is a standard and important contingency in an offer on a condominium. The norm is for the condo docs and budget review to be completed the signing of the purchase and sale agreement. If you are a Buyer, give yourself and your real estate attorney that much time to review the condo docs and budget. It's important. Learn the 5 things you must know when buying in Cambridge: http://bit.ly/CCBuyerGuide Learn the 5 things you must know when selling in Cambridge: https://bit.ly/CharlesSellerGuide 🚨 Subscribe to this channel here: 👇👇👇👇👇👇👇 ✅https://bit.ly/2Yu05S3 📲 Call/Text Direct at 617-733-8937 📲 Email: [email protected] 👨‍💻Learn more about Cambridge & Somerville: http://www.cambridgerealestate.com 👉Blog: https://www.cambridgerealestate.com/blog 🏡 Searching for a home in Cambridge or Somerville? https://search.cambridgerealestate.co... 💰 If you're looking to sell or want a free, no-obligation, exact home value on your home https://bit.ly/CharlesHomeValue Follow Me Facebook:   / charlescherney   Instagram:   / charlescherney   I am grateful for my viewers and for the opportunity to be of service. If you want to talk to me about Cambridge & Somerville real estate feel free to call, text, or email me! My info is above.