Unlocking Homeownership: Mastering Subject Removals with Jersey Li #shortvideo

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???? Today, let's dive into the crucial concept of subject removals when it comes to becoming a homeowner.

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In a real estate contract, subject removals refer to specific conditions that must be met for the contract to take effect. Two common examples of subjects are subject to inspections and subject to financing. These conditions need to be satisfied within a certain timeframe, typically 10 or 7 days after the offer is accepted.

???????? Let's start with subject to inspection. In this case, the buyer hires a professional inspector to assess the house's condition. They will check if appliances are functioning properly and inspect for any water leaks or other issues. If the buyer is satisfied with the inspection results within the designated timeframe, they can remove the subject and proceed with closing the deal.

???? On the other hand, the subject to financing means that once the offer is accepted, the buyer will approach a bank to inquire about mortgage options and interest rates. If the buyer is content with the terms provided by the bank, they can remove the subject, finalize the deal, and move forward.

???? If you'd like more information on this topic or have any other questions, feel free to reach out to me, Jersey Li. I'm here to assist you!

☀️ It's Always ???????????????????? with ME
????????‍♂️ ???????????????????????? ???????? Personal Real Estate Corporation
???? Email: jersey@primeprec.com
????Phone: 778-991-0051

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