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Allyson Hoffman, REALTORŪ, real estate agent and broker for Chicago North and Chicago Northwest Suburbs home listings, property and land for sale in Northern Illinois NUMBER1EXPERT(tm)
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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 
Where is the world's longest spiral staircase?

A 
The White County Coal Mine in Carmi, Illinois has a spiral staircase that measures 1,103 feet and has 1,520 steps.
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Allyson Hoffman, REALTORŪ, real estate agent and broker for Chicago North, Northwest Suburbs and Northern Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Allyson Hoffman
RE/MAX North Chicago Suburbs Real Estate

1240 Meadow Road
Northbrook, IL. 60062
Toll Free: 800-882-8409 x 999
Direct: 847-849-8016
Fax: 847-400-0881
Email: Allyson@AllysonHoffman.com

Allyson "Excellence in Action" Hoffman is a consistent TOP PRODUCER committed to constant improvement, serving clients with integrity and making a difference in the Real Estate Industry. Her work ethic involves maintaining clients for life. RE/MAX International Hall of Fame. Contact Allyson for excellence! Specializing in Chicago North Suburbs and Chicago Northwest Suburbs in Northern Illinois. Allyson Hoffman is licensed in the State of Illinois.

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