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SS, DD, F&A, S: The Deadlines of Your Contract (Episode 71) S5 E11
Manage episode 327384487 series 2936153
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These are the dates that matter the most in the contract. Get them right!
0:00 – Introduction
0:50 – Your Deadlines. The biggest issue we see is where dates are out of order.
2:27- Story time with Jason. Don’t fill these out without talking to your lender!
3:43 – Relative Dates. This is Tyler’s pet peeve. Use explicit deadlines. Backup-position contracts are the only exception, which should be clarified upon promotion to primary position.
4:45 – Non-Deadlines. What happens if you waive a contingency associated with a deadline?
6:01 – Financing & Appraisal. That’s two deadlines. You can waive one, and still have the other. Talk to your lender about appraisal timelines.
6:54 – Settlement. That’s when you sign, not when all the money moves. Pay attention.
7:73 – Deadlines. These are deadlines, when things HAVE to be done. If you’re done with everything, you don’t need an addendum to move a timeline up. It’s your responsibility as a contract writer to make sure the meaning is clear.
9:15 – What’s we learn today?
10:59 – Out takes.
* No calendars were harmed in the making of this video (because they don't exist.)
Please contact us to tell us you love us, you want to hire us! Call or text:
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
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