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Anchorage, Eagle River and Wasilla Information:

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School Reports in Anchorage, Eagle River and Wasilla, Alaska
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Real Estate Tips
Financing Your Home >Financing Contingencies

Standard real estate purchase agreements usually contain language that releases the purchaser from an agreement if they are unable to get financing within a specified period of time. This contingency includes a full return of the earnest money deposit. If you are buying a home, you should read the financing clause carefully and be sure that you fully understand the terms of the agreement.

You are usually required to apply for your loan promptly and to comply with requests from the lender for any documentation needed to complete the loan application. The contract will also set a time limit by which you must have loan approval. If your lender cannot meet the financing deadline and needs additional time to complete the loan, you must ask the sellers for a written extension.

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Real Estate Trivia
Q 
What house is considered to be the first house with running water in America?

A 
John Headly's home built in Newport, RI in 1723, was equipped with an underground pipe from the nearby spring.
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Ranna & Associates, REALTOR®, real estate agent and broker for Anchorage, Eagle River and Wasilla, Alaska home listings, property and land for sale - NUMBER1EXPERT

Ranna Fekrat
Keller Williams Realty Alaska Group

101 Benson Suite 503
Anchorage, AK 99503
907-441-5815
Fax: 907-865-6565
rannafekrat@NUMBER1EXPERT.com


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