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We're glad that we had you on our side of the tabl There were several negotiations and detailed contractual items that may have scared us away from the deal, and you handled each of them with ease. TIM AND RACHEL HONOWAY Read Quote > View All Quotes >
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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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| Q |
What island was sold to Peter Minuit by the Indians for goods valued at 60 guilders ($24)?
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| A |
Peter Minuit arrived with a group of Dutch settlers in 1626 and purchased what is now known as Manhattan. |
See More Real Estate Trivia > |
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Roger Murray RE/MAX Classic 26870 Beck Road Novi, MI. 48374 24 Hour Mobile: 248-982-7166 Fax: 866-868-4117 Email: rogermurray@NUMBER1EXPERT.com
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