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Latest Listings: West Chester, Media, and Ridley Park Pennsylvania home buying, real estate listings, and homes for sale in Chester and Delaware County, PA

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Real Estate Contracts >The Purchase Contract

An important part of being an informed buyer or seller in a real estate transaction is understanding the purchase contract. Before you sit down with an agent to make a written offer to purchase a home or receive an offer on your home, you should take a look at the real estate forms used in your area.

In some areas the real estate agents use standard contracts which have been approved by the local Board of Realtors. In other parts of the country, agreements that contain a significant number of clauses are drawn up by real estate attorneys. You should get a copy of the paperwork you will be signing so that you can read it at your leisure and absorb the information.

Don't hesitate to ask questions about anything that you don't understand; and if any of the standard clauses do not fit your particular situation, you can discuss the wording that you would like to have changed. The key is to familiarize yourself with the paperwork before you have found your new dream house or buyers for your home.

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Q	Who is "Fannie Mae" and why is she a big name in real estate?
A	"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
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Kevin Gallagher Team Members Include:
Kevin Gallagher, REALTOR/ Associate Broker
REALTOR:
Dan Hilferty

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The Kevin Gallagher Team, REALTORŽ, real estate agents and broker for West Chester, Media, and Ridley Park Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

The Kevin Gallagher Team
RE/MAX Town & Country
1479 Wilmington Pike
West Chester, PA. 19382
610-675-7100
800-837-8484
610-675-1147
Fax: 610-675-7109
Email: kevingallagher@NUMBER1EXPERT.com
Kevin Gallagher is a member of the RE/MAX Hall Of Fame, which distinguishes Kevin as one of the elite in the entire real estate industry.

Kevin graduated from Pennsylvania State University in Architectural Engineering, specializing in Construction Management. His experience and expertise in new construction proves to be a valuable asset in serving his clients. With over 600 families served, Kevin continues to lead the real estate industry due to his honesty, integrity, education, experience, and professionalism.

Kevin has 20 years of experience in selling and buying residential homes for his clients in Delaware County and Chester County.

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