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Real Estate Contracts >The Purchase Contract

An important part of being an informed buyer or seller in a real estate transaction is understanding the purchase contract. Before you sit down with an agent to make a written offer to purchase a home or receive an offer on your home, you should take a look at the real estate forms used in your area.

In some areas the real estate agents use standard contracts which have been approved by the local Board of Realtors. In other parts of the country, agreements that contain a significant number of clauses are drawn up by real estate attorneys. You should get a copy of the paperwork you will be signing so that you can read it at your leisure and absorb the information.

Don't hesitate to ask questions about anything that you don't understand; and if any of the standard clauses do not fit your particular situation, you can discuss the wording that you would like to have changed. The key is to familiarize yourself with the paperwork before you have found your new dream house or buyers for your home.

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Q	What is an encumbrance against a property, which may be voluntary or involuntary?
A	There are many different kinds of liens: a tax lien, a judgment lien, a mortgage lien, and a mechanic's lien.
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Roosevelt Mompremier and Associates, REALTOR®, real estate agent and broker for Las Vegas, Henderson and Summerlin, Nevada home listings, property and land for sale - NUMBER1EXPERT™

Roosevelt Mompremier
SMG Realty
4975 S. Fort Apache Rd. #105
Las Vegas, NV 89148
702-480-2496
Fax: 702-382-1665
RooseveltMompremier@NUMBER1EXPERT.com
Roosevelt Mompremier’s primary mission is to make a difference in people’s lives. As an author, a family man, and a humanitarian, he believes in going the extra mile. “Service to others has its own reward,” he says. “I take my client’s needs to heart in every transaction.” Specializing in locating highly discounted properties throughout the entire Las Vegas valley, Roosevelt and his staff are determined to not only exceed your expectations, but to be the resource you depend on year after year, home after home. He's aggressive, prompt, talented, easygoing and fun. So whether you’re looking to rent, lease, buy, invest or sell a home, you can count on his unique and unparallel service. Call him today at 702-480-2496.

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