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 buyers and for insect infestation. The closing is usually 4 to 12 weeks after the contract is signed. Deposits towards the purchase price normally are held in an escrow account. Marketable title means the grantors' ownership is defects from encumbrances and free of defects. 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. Note:A table is given below to drag the options