The Top 10 Largest European Cities. Although the three largest cities of the world all are Asian cities, there are quite a few metropoles on the European continent as well. Two of these cities even have more than ten million inhabitants, ranking these cities amongst the largest cities in the world as well. 1. Istanbul (Turkey) â 11,4 million inhabitants.
A flat fee also could be assessed. Real estate purchase agreements contain time is of the essence language to hold firm closing dates regardless of any reasons brought up by the buyer or seller to change that date. If either party exceeds the time is of the essence closing date, the sale could be canceled.
What Is Escrow Anyway? A real estate broker's escrow account holds money in trust until a property sale closes. When you make an offer on a home, the seller usually requires an earnest money deposit. That deposit is held in escrow until closing when it is applied to the buyer's closing costs. If the buyer backs out of the deal without good cause the seller may be entitled to the deposit for breach of contract.