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Updated on July 29, 2008
Offer to Purchase, Negotiation, & Contract Writing

Once you find the right home and decide to make and offer to purchase, there are several points for negotiation that should be included in your offer, including price, financing, terms, date of possession, inclusion or exclusion of repairs and furnishings or equipment. The offer to purchase should also provide a period of time for you to complete appropriate inspections and investigations of the property before you are legally bound to complete the purchase.

Your REALTORŪ can advise you as to which investigations and inspections are recommended or required. Your REALTORŪ can also prepare contracts on your behalf, and offer a general explanation of the contract provisions. The typical contracts that may be involved in a sale include an offer to purchase, counter-offer, addenda and amendments.

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