Coconut Creek Real Estate: The Importance of a Written Agreement

The importance of a written agreement works for both sides of a Coconut Creek real estate transaction. Every detail of the transaction should be clear, concise, and in writing, from the money to the closing date and everything in between. In fact the contract itself is a very strong reason for having a Coconut Creek REALTOR® involved in the buying and selling process because not only does the REALTOR® have a formula to follow, the more experience he has the more complications he has seen, and the more prepared you will be throughout the process.

• An important aspect of your contract is the sales price, but beyond that the earnest money is important as well. The higher the earnest money deposit is the more serious the buyer, which is important for both sides to keep in mind.
• Contingencies are another important part of the real estate contract, but too many contingencies might leave a seller thinking that the buyer wants to have many routes to escape the contract.
• Items that dont pass inspection should be put in writing, as should the agreement as to what will be repaired by the seller and what the seller does not agree to fix.
• Another very important item to have in writing is a list of what items stay and what will go. Many times sellers take everything but the kitchen sink and buyers move in alarmed to discover that they did not budget for a refrigerator, or a washer and dryer.

There are so many steps to a successful real estate transaction and being prepared and educated along the way is essential. An experienced Coconut Creek REALTOR® can go a long way to making the process an easy one, as well as assuring that everything you need to back yourself up is in writing. Whether you are buying or selling it is extremely important to look out for your own best interests.

For the best in Coconut Creek real estate experience and knowledge contact Silva Stoyanova at 954-673-4402. Silva has access to the Coconut Creek MLS and all available listings in the area.