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11-11-2009, 10:04 PM #1
Renter
- Join Date
- Jun 2009
- Posts
- 14
property under contract
When you place a property under contract, are there fees involved?
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11-13-2009, 03:04 PM #2
Fixer Upper
- Join Date
- Nov 2009
- Posts
- 19
There are only fees involved if the contract states fees. The term "under contract" simply means that you have a contract so you are most likely the one that has entered escrow.
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The short answer is "no."
That said, you generally have to put down a deposit, and as you move closer to settlement you will have expenses, such as appraisal fees, home inspector fees, etc.
The fees associated with buying a home are generally paid at settlement.
Hope that helps!
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Brian
Last edited by Chief Tutor; 11-15-2009 at 05:26 PM.
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11-21-2009, 09:44 PM #4
Renter
- Join Date
- Jun 2009
- Posts
- 14
property under contract
Your replies are appreciated.
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11-22-2009, 07:28 PM #5
Fixer Upper
- Join Date
- Oct 2009
- Posts
- 28
No,I don't think there is. All the payments involving a property,are only at the settlement period.
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11-27-2009, 03:28 AM #6
Fixer Upper
- Join Date
- Oct 2009
- Posts
- 35
I don't think that there are fees involved in a property contract.
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