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Real Estate Tips
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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Real Estate Trivia
Q 
Who is "Freddie Mac", and why is he a big name in real estate?

A 
"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans.
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Barbara Berkowitz, REALTOR®, real estate agent and broker for Granby, Simsbury and Suffield, Connecticut home listings, property and land for sale - NUMBER1EXPERT

Barbara j. Berkowitz
Coldwell Banker Residential Brokerage

700 Hopmeadow Street
SIMSBURY, CT 06070
Phone: 860-653-7134
VOICE MAIL: 860-493-1292
CELL PHONE: 860-490-3776
FAX: 860-658-6304
e fax: 1-866-219-6121
Email: barbaraberkowitz@NUMBER1EXPERT.com
EMAIL: bberkowitz@cox.net

LET ME MAKE YOUR DREAM A REALITY! I PROMISE TO PUT YOUR NEEDS ABOVE ALL ELSE TO HELP MAKE THIS THE MOST ENJOYABLE EXPERIENCE POSSIBLE.

ePro ABR CRS REALTOR MLS RELO


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