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Newton Real Estate
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.
What does the abbreviation PITI stand for?
Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment.
Geri Doyle and Caren DeVoeDoyle & DeVoe-Iowa Realty1802 S. 12th Ave. WNewton, IA 50208Geri: 641-792-5678Fax: 641-792-5668Caren: 641-792-5999Toll Free: 1-866-792-5656Geri Doyle: cdevoe@iowatelecom.netCaren Doyle: cdevoe@iowatelecom.netGeri,CRS, e-Pro, and Caren, Broker Associate, know how important it is to have caring professionals to help you when you're making a move. They give you the one-to-one attention you deserve. Buying or selling a home is an important step for a family. We connect with our clients both on a professional and an emotional level. There are many decisions to be made when purchasing or selling a home. Count on us to keep you informed of the market trends and latest conditions so you can make informed decisions when the time comes.
Geri Doyle and Caren DeVoeDoyle & DeVoe-Iowa Realty1802 S. 12th Ave. WNewton, IA 50208Geri: 641-792-5678Fax: 641-792-5668Caren: 641-792-5999Toll Free: 1-866-792-5656Geri Doyle: cdevoe@iowatelecom.netCaren Doyle: cdevoe@iowatelecom.net
Geri,CRS, e-Pro, and Caren, Broker Associate, know how important it is to have caring professionals to help you when you're making a move. They give you the one-to-one attention you deserve. Buying or selling a home is an important step for a family. We connect with our clients both on a professional and an emotional level. There are many decisions to be made when purchasing or selling a home. Count on us to keep you informed of the market trends and latest conditions so you can make informed decisions when the time comes.
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