Buyers

The effective date of a residential sale contract is crucial because it marks the point at which the contract becomes legally binding and enforceable. Accurate determination and clear communication of the effective date ensure that all parties are aligned on their responsibilities and deadlines, facilitating a smoother transaction process.

If you have not fully read a contract, then you miss important details that could lead to financial distress. Adobe Acrobat commissioned a survey and found that almost 70% of consumers admit to signing contracts without knowing its contents.

There are so many things to consider before writing (and signing) that offer. Hopefully, you have read the contract before even looking at the property.