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Polly has earned prestigious CRS and GRI professional designations, and San Jose Magazine included Polly in its TOP 5% REALTORS IN SILICON VALLEY!
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Financing Your Home >Financing Clauses
Residential sales agreements usually have clauses referred to as financing contingencies which allow the buyers to declare the contract null and void if they are unable to obtain financing. This may be the most important condition in your contract if you are buying a home, so read the contract carefully before you sign it.
Most financing clauses set a time limit of from 30 to 45 days for obtaining a firm commitment from a lender. They may set deadlines for applying for a loan, and require the buyer's full cooperation in obtaining all the information needed to process your loan. If the loan is not approved by the deadline, it may be necessary to request an extension from the sellers or take specific steps to void the contract and get your deposit money back. Be sure to note all of the financing deadlines in the contract, apply for your loan as soon as possible, and be diligent about providing the lender with any documents that are requested.
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| Q |
Fewer than 2 percent of homeowners build this type of home:
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Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu. |
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FEATURED PROPERTY
Professionally landscaped Rear Yard!
Exclusive Listing, IMPECCABLE 1.5 Yrs. New 2 Story with numerous upgrades and professionally landscaped yard! A NEARLY NEW HOME, AND ALL THE WORK'S DONE FOR YOU! IMPECCABLY MAINTAINED!!! Voted Home of the Week by the Area's Realtors!
Location: 19331 Saffron Dr., Morgan Hill, CA
Price:
$569,500
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