Real Estate Dictionary: Mutual vs. Unilateral Termination & Understanding "As Is" in Real Estate

GoGaddis Real Estate Radio

In this episode of Go Gaddis Real Estate Radio, brought to you by Modern Traditions Realty Group, we dive into the “Real Estate Dictionary” to clarify two important terms that can impact your transaction: Mutual vs. Unilateral Termination and what “As Is” really means. We’ll explore the implications of each for buyers and sellers, helping you understand the finer details of your real estate agreements. Segment Teaser: Ever wondered about the difference between Mutual and Unilateral Termination? Or what buying a home “As Is” really means? We cover these terms and more in today’s Real Estate Dictionary segment. Cleve Gaddis: Helping listeners go from real estate novice to expert, ensuring that home selling and buying can be done with total confidence and without the usual worries of life’s biggest investments. Let’s Talk: Visit GoGaddisRadio.com to ask questions, leave comments, push back, share your ideas, and explore our Neighborhood Spotlight. Don’t forget to subscribe to our podcast! Mutual vs. Unilateral Termination: Sherry from Canton asks about the difference between Mutual and Unilateral Termination of a real estate agreement and what happens to Earnest Money in each case. Cleve explains how these terms affect contract termination and funds distribution. Understanding “As Is” in Real Estate: Jennifer from Smyrna shares her experience of buying an “As Is” home and later discovering issues. Cleve clarifies what “As Is” means in a real estate context and discusses potential recourse options for buyers in similar situations. Join us for an educational episode filled with critical insights into real estate terminology, helping you navigate your real estate transactions with confidence. If you have a question for Cleve, click here : https://gogaddisradio.com/ask-a-question If you are looking to buy or sell your home with Cleve, click here : https://moderntraditionsrealty.net/contact If you are looking to join a real estate team, click here : https://moderntraditionsrealty.net/careers