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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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| Q |
To what process do the terms closing, escrow, settlement and passing papers refer?
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| A |
These terms, which vary in different parts of the country, describe the conclusion of a real estate sale. |
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Morris Westlund
Windermere/Bridgeport Realty Group
16760 SW Upper Boones Ferry Road Suite #103
Portland, OR 97224
503-781-1981
Fax: 503-639-5202
mrwestlund@windermere.com
Buying and selling a home is one of the biggest events in your life. As a top Lake Oswego, Tigard and Tualatin real estate agent, I have the experience and track record you are looking for. Please let me help.   
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