Are you a “Reader” or a “Signer”?
Before going ziplining in Maui, I signed a disclaimer that says, well, if I happen to snuff it while on this excursion I basically had it coming, because what part of flying across a bottomless chasm attached to a metal wire sounds “safe” to you? I wanted to go ziplining, and yeah, I knew it was dangerous. Gimme that helmet.
Real Estate contracts … they’re a little more involved. You make some pretty serious promises when you sign one, and you should know what they are. And to be honest, it’s a lot better to be familiar with the contracts BEFORE you are writing (or receiving) an offer. Thinking about offer terms, closing dates, repair caps, concessions, contingencies, etc. while simultaneously learning all the ins and outs of our standard contracts? Not awesome.
So how does this usually work? Well … usually, it doesn’t. Some agents hit the high points with their clients when they sign an offer; some go into such detail while going over the forms that the clients’ brains overload and eyes roll back in their heads. Some agents say “sign here, here, and here, and do you have any questions?”
So you should read the forms beforehand. I know most folks probably won’t, but you should. You don’t have to be a Realtor to access the forms written by the Oklahoma Real Estate Commission; they’re available for the public here. The more you read, the more you know, right?