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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 757-508-7141.

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Find Out About the Latest Yorktown, Newport News and Williamsburg Area Homes for Sale Before Anyone Else! 

I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the Yorktown, Newport News and Williamsburg, Virginia area MLS, and even later on the national listings web sites, if at all. 

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Real Estate Tips
Real Estate Contracts >Purchase Agreements

Whether it consists of several pages of big type or a few pages of fine print, a real estate purchase agreement is a serious, legally binding document. In most areas, there are "boiler plate" forms that spell out what each party agrees to do by certain dates and what happens if either side breaks the contract.

The best time to familiarize yourself with these forms is when you are beginning your search. Ask the real estate agent for a copy of the purchase agreement and then review it, keeping in mind that it has the force of law. If you don't understand the document, consult an attorney. If there is a dispute between buyer and seller, a court will hold you to what the purchase agreement specifies, not what you thought it meant or what you thought the real estate agent said it meant.

There are several key points you should be clear about. What are the deadlines for loan application and obtaining financing? If you decide to back out because of the structural inspection report, can you do that? Do appliances convey? When will the closing take place? If you understand these clauses before you find the perfect house, you will avoid a lot of stress and minimize the likelihood of misunderstandings.

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Real Estate Trivia
Q 
Which house over 100 years old still holds the title as the largest house in the U.S.?

A 
The 250-room Biltmore House in Asheville, NC, built 1890-1895 at a cost of $4.4 million, is the largest house in the US.
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Wes Wagner, REALTOR®, real estate agent and broker for Yorktown, Newport News and Williamsburg, Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Wes Wagner
William E. Wood and Associate Realtors

1030 Loftis Blvd, Ste 200
Newport News, VA 23606
757-508-7141
Fax: 757-596-9811
weswagner@NUMBER1EXPERT.com

Wes Wagner is your Award Winning Realtor! He has been a member of the Outstanding Salesmanship Club Since 1984, in the Top 5% of all residential sales agents in the Virginia Peninsula Association of Realtors® for 2006, as well as selling and closing nearly $6 million in real estate in 2006. Wes Wagner is the best in the business so contact him today! Member VPAR outstanding Salesmanship Club for the last twenty three years. Earned Certified Residential Specialist in 1996 - Only 5% of agents qualify, nationwide. More than sixteen years experience.

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