The Property Emporium's National Relocation Service

                                           The Buyers Guide To Real Estate                                                                                                      By Robert A Reynolds                                                                                                           The Offer To Purchase

What is an offer to purchase contract? Is it binding?

Until the seller accepts it and signs it, the offer to purchase is just that, an offer. Once the seller accepts and signs the offer, it becomes a legally binding contract between both of you. Before you sign the offer to purchase, be sure that you understand everything - ask questions if you have any. Any verbal agreement should be written into the contract for everyone's protection - this will prevent disputes and problems later.

• You found it! Your dream home. You want to buy it, now what?

• What is an offer to purchase contract? Is it binding?

• After I sign the offer, what happens next?

• Do I have to pay a deposit at the time I make an offer to buy?

• What about termites?

• What is a financing contingency in a contract?

• What about personal property?

• What about repair work?

• What about closing date and occupancy date?

                                                           Planning

                                                          Choosing

                                                    Money & Financing