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Real Estate Tips

Real Estate Contracts >Clean Contracts

"Clean" is a term that is often used to describe an offer on a house. A "clean" offer does not refer to the price of the house, but to the terms of the agreement. If you really want a particular house, the "cleaner" you can make your offer, the better.

What are the characteristics of a clean contract? A contract is considered "clean" when the buyers are paying cash or are clearly qualified for a mortgage, the sale isn't contingent on the sale of another home, the buyers don't ask the sellers to carry any of the financing, and if the closing date coincides with the sellers' needs. A clean contract doesn't have any unusual requests for repairs or insistence that certain articles convey that would not ordinarily stay in the house. A clean offer has an important competitive edge if you are offering less than full price or if you are in a situation where there is more than one offer on the property.

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Real Estate Trivia

Q 
What is a "jumbo mortgage"?

A 
The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates.
See More Real Estate Trivia >

Rhonda Mortensen, REALTOR®, real estate agent and broker for Silver Spring, Takoma Park and Bethesda, Maryland home listings, property and land for sale - NUMBER1EXPERT

Rhonda Mortensen
Long & Foster Real Estate Inc.
Bethesda Gateway Office
4650 East West Highway
Bethesda, Maryland 20814
Office: 301-907-7600
Home: 301-585-1180
Toll Free: 800-762-0294
Fax: 301-907-6610
Email: rhondamortensen@NUMBER1EXPERT.com
Email: rhondamortensen1@gmail.com

Together we will work as a team to buy the perfect house or sell your current home. My role is to listen and understand your needs, wants, requirements and timelines with 100% clarity. Then, with my market expertise, we will develop a solid plan of action. Rest assured, I will be in contact with you daily with new leads so that we can move swiftly against timelines. I will be available to you at all times via phone, email or in-person – whichever style of communication you prefer. Contact me now!

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