State Wide Realty Answers: What is A Study Period?
State Wide Realty Answers:
What is A Study Period?
When purchasing land, there is a section in the contract that allows for the buyer to have a study period. This is a set number of days that will have to be agreed upon by both parties that allows the purchasers to study things about the property such as if it will perk or not. If during this period the purchasers find out something about the property they don’t like then they are free to walk away without penalty. You do not have to have a study period when purchasing land it is an option to discuss with your State Wide Realty agent whether it is necessary or not.
For more information on buying or selling land call State Wide Realty Co. at 434-392-6163 or visit our website at www.VaStateWideRealty.com