26 - The Right To Cure Explained

Whether you are buying or selling, the Right To Cure is a confusing topics for some. Your host explains how it applies to both buying a home and selling a home, and how to negotiate your best deal.

Show Notes

The Right To Cure Defects in a real estate transaction can be hard to understand. More difficult is how to apply it in a transaction whether you are buying real estate or selling it. 

Identifying what is considered a "Defect" is really the first thing to understand. Once you have an idea of how to define a Defect, and what is considered to be a Defect, only then are you able to dive into understanding the Right To Cure. Whether selling or buying, having an understanding is important to negotiating the best deal possible. 

Every seller wants the Right To Cure and most Buyers don't wish to give the Seller the Right To Cure. In competitive situations, like we see in today's current selling environment,  a Buyer is generally forced to give the Seller the Right To Cure. When the Buyer knows a Seller is receiving multiple offers, the Buyer has to do everything in their power to present the best offer. The Seller has the upper hand in today's market. Whether the Buyer elects to give the Seller the Right To Cure or not, there are still ways to ensure the Buyer is treated fairly. 

John Gscheidmeier discusses this and more in this interesting episode. 

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