Rancho Santa Fe Real Estate Buyers: Know Your Rights
- Author Rachel Gray
- Published October 26, 2010
- Word count 572
Before entering the complex home buying process, it is advisable to be aware of your rights and privileges as a buyer of Rancho Santa Fe homes for sale. Through this, you may be able to carefully plan what you must do and must not so that you can go through the whole process smoothly. Listed below are some of the rights of home buyers:
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During the whole process of purchasing a home, you will need to get help from skilled professionals engaged in the real estate industry or related to it. Some examples of these include a home inspector, a real estate agent, and a mortgage lender. It is your privilege to wisely pick the one you will be hiring as it can have a big effect on the outcome of your plan to purchase a property of your own.
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When you prepare a purchase offer to be able to buy the house you want in Rancho Santa Fe real estate, you have the privilege to employ the Residential Purchase Agreement RPA-CA.
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When you are meeting with a real estate agent for the very first time, you have the right to be aware of his / her relation with the seller of the house and also with other prospective buyers. This is not simply your privilege, but it is the law.
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If you are someone who likes to be sure that his / her rights as a buyer are safeguarded during the whole process, you should hire a competent lawyer to have all the necessary documents and files reviewed, since this is your privilege.
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If your purchase offer has already been accepted by the seller, you still have the right to pass or reject the house due to the environment of the area or its physical condition.
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It is your privilege to make negotiations regarding repairs or in place of repairs within a particular time period indicated in the written agreement, including resales or even newly constructed homes.
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It is your privilege to get specialized home inspections to be able to further examine problems of the property concerning its structure and environment. Such problems include mold or cracked slab. However, you should remember that it must be within a certain approved period of time.
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It is your right to own a copy of all important documents you have signed. Moreover, you should have all of them clearly explained to you, as well as standard disclosures. Some examples of professionals include your real estate agent, home inspector, mover, lender, and the like.
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It is your right to move in right away to your home once all the needed documents have been recorded and be coherent with the provisions of the written agreement. You make negotiations for situations you need to rent back or delay closing; however, you must understand its costs if ever you decide to consider this option.
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It is your right to walk out on a purchase you are in escrow with if it is in the best of your interest, but you must be aware of the costs and financial risk. It is wise to have your circumstances reviewed by a skilled attorney.
Knowing the rights of Rancho Santa Fe real estate buyers can aid you on making strategies on what you need to do so that you can effectively purchase the home you want without coming across a lot of problems.
Rachel Gray writes articles about real estate and investment and is passionate about personal finance topics. Check out interesting Rancho Santa Fe homes for sale as well as a comprehensive list of Rancho Santa Fe real estate.
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