Drag and Drop the appropriate terms into the spaces provided. Real estate sales contracts are often made contingent on the buyer's ability to obtain financing at or below a specified rate of interest. Normally the buyer is responsible for having the premises inspected for physical or mechanical and for insect infestation. The closing is usually 4 to 12 weeks after the is signed. Deposits towards the purchase price normally are held in an account. Marketable title means the grantors' ownership is free of defects. from encumbrances and When financing the purchase of real property, almost all require title insurance. Sellers of new houses in particular usually are that the house is in reasonable working order and is of reasonabley sound construction. Fill in the blanks with words that would best complete the passage. lenders free warranting escrow defects agency real estate brokerage agreement subject to ignoring need bank safe buyers contract