05 November

Land Transactions

How Do Option Contracts Work? In a previous post, we talked about option contracts as they relate to longer escrow periods.  In essence, the seller is giving the buyer the option to purchase the subject property, based on some terms …

31 October

Land Transactions

Why Are Escrow Periods So Long? In most real estate transactions, escrow opens when the purchase agreement is fully executed by both buyer and seller.  With home resales, the typical escrow period lasts around 30 days, allowing the buyer to …

11 June

Due Diligence

What Can Go Wrong? In most land transactions, the land developer or homebuilder will have a due diligence period to vet out assumptions and issues with a proposed project.  I also like to think of this DD period as an …

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