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01-30-2010, 06:39 AM #1
Renter
- Join Date
- Jan 2010
- Posts
- 2
Tax Credit and Binding Agreement for Texas
I live in the Dallas, TX area and am looking to buy a home. I can get the credit provided I have at least a "binding sales agreement" by April 30, 2010. What exactly triggers or constitutes a "binding sales agreement"? Is it after all waiting periods and inspections or just merely once both parties have signed the contract and escroll is opened?
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01-31-2010, 04:25 AM #2
Moderator
- Join Date
- Sep 2007
- Location
- Outer Banks
- Posts
- 1,281
Just get both parties to sign the sales contract and you have a binding agreement. Those other items are just contingencies to the contract.
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02-17-2010, 07:27 AM #3
Fixer Upper
- Join Date
- Dec 2009
- Location
- Indianapolis, Indiana
- Posts
- 78
Binding sales agreement is when both parties have signed an accepted agreement. Good luck to you and happy house hunting.
Mike Woods
Agents keep 100% of the commission - $445 per sale
or keep 100% of the commission - $50 for $350 a month. You choose.
Indianapolis real estate, Indianapolis homes for sale
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