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Real Estate Tips
Real Estate Contracts >Clean Contracts

"Clean" is a term that is often used to describe an offer on a house. A "clean" offer does not refer to the price of the house, but to the terms of the agreement. If you really want a particular house, the "cleaner" you can make your offer, the better.

What are the characteristics of a clean contract? A contract is considered "clean" when the buyers are paying cash or are clearly qualified for a mortgage, the sale isn't contingent on the sale of another home, the buyers don't ask the sellers to carry any of the financing, and if the closing date coincides with the sellers' needs. A clean contract doesn't have any unusual requests for repairs or insistence that certain articles convey that would not ordinarily stay in the house. A clean offer has an important competitive edge if you are offering less than full price or if you are in a situation where there is more than one offer on the property.

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Real Estate Trivia
Q 
What document must lenders provide within three days of receiving your application for financing?

A 
The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan.
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Greg James and Neil Castellane, REALTOR®, real estate agent and broker for Hilton Head Island South Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Greg James and Neil Castellane
William F. Hilton Realty

PO Box 5641
Hilton Head Island, SC. 29938
Phone: 843-785-4700
Fax: 843-785-8843
Email: realestatehiltonhead@NUMBER1EXPERT.com

Greg James has been in the real estate business for over thirty years. He is the sole Owner, President, and Broker-in-Charge of his company and has currently brought aboard eight Sales Associates......Neil Castellane, Greg's Associate, is also a Licensed Real Estate Agent, a Realtor®, and an Accredited Buyer's Representative. Call or email us today!


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