Increasing Buyer Leverage In The 'Sign-And-Go-Hard' Era

By Alain R'bibo and Shannon Snell (May 21, 2019, 3:09 PM EDT) -- Sign-and-go-hard transactions have become the new normal in the feverish real estate market of recent years. While standard purchase agreements typically contain a diligence period during which the buyer may terminate the transaction and recover its deposit, "sign-and-go-hard" transactions require that the buyer commit its deposit upon execution of a purchase agreement, without the opportunity to reclaim such investment if it discovers an undesirable condition during the course of its diligence....

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