I have heard that you submit a buyer seller aggrement? If so, what is the difference between that and the offer to purchase?
2007-03-12 03:30:01 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
And offer is not a legally binding contract. Meaning you can make any offer you want, and still are not under any obligation it is accpeted. Once the offer is accpeted a a contract is written up and then you will fall under legal obligations.
2007-03-12 03:46:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Now you have to write up what is called a purchase and sales agreement. This is the legally binding agreement between the two parties that you both will go threw with the sale, and purchase of this home. Once this is signed you should have a time frame to get your financing in order, as well as have your home inspection to make sure the property is in good condition.
I really hope you have a buyers agent to walk you threw the process and make sure all the right steps are taken and dates are met.
Good luck with your purchase.
RE Agent,
Remax
2007-03-12 03:59:42 · answer #2 · answered by frankie b 5 · 0⤊ 0⤋