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Real Estate Contracts >Should You Read Every Word

Buying a house involves a lot of paperwork. There can be several pages to the contract itself, plus the various addendum and contingencies. If you apply for a loan, there will be another stack of documents at the closing table. Although your real estate agent reviews the transaction, it is extremely important that you understand the papers you are signing.

If a dispute arises, the outcome will be governed by how the contracts actually read, not what you thought your real estate agent told you when you signed them. To avoid confusion, it is a good idea to pick up copies of the purchase agreements and closing papers ahead of time. This will allow you to read them at your leisure, without the pressure of several people waiting for you to read everything at the closing. Don't hesitate ask questions if you don't understand something or if the language is ambiguous or confusing.

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Q	What is a Balloon Mortgage?
A	A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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Sue De Legge, REALTORÂŽ, real estate agent and broker for Encinitas, Olivenhain and Carlsbad California home listings, property and land for sale - NUMBER1EXPERT(tm)

Sue De Legge
Coldwell Banker
162 South Rancho Santa Fe Road, Suite A-30
Encinitas, CA 92024
Cell Phone #: 760 207-7749
Office Phone #: 760 635-4402
Office Fax #: 760-436-5229
Awarded among the top 30 agents of San Diego, Sue De Legge has the track record and experience necessary to reach all your real estate goals. Her sincere dedication and commitment to excellence provides you the service and results you deserve, therefore, setting her apart from others in the industry. Past clients praise her professionalism, personalized service and attention throughout the entire process of buying and selling their homes. Serious home seller's & buyer's use Sue De Legge as their preferred real estate professional of choice.

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