IN Brentwood-Baldwin-Whitehall Summer 2019 | Page 35

SPECIAL SECTION:
Real Estate
An example is a mortgage-financing contingency; if you
lose your job or your loan falls through, you’ll get your
“earnest money” back in full. Otherwise, you may be
obligated to follow through with purchasing a house you
can no longer afford.
5. BUYING:
Enjoy the view?
It’s obvious that homes with a view can sell big. In fact,
Realtor.com states that homes with a view of the city sell
the fastest, with an average of 83 days on the market, while
homes with an ocean view sit for 98 days (mostly due to
the elevated price of oceanfront property). If you are in love
with a home with a view, be sure it is there to stay. Although
you may see rolling hills through your living room window
now, who’s to say a real estate developer won’t see that same
space as the perfect opportunity to build more homes?
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