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Denver CO First Time Home Buyer Series – Understanding the Real Estate Contract (Part 7)
Monday, September 6th, 2010 at 7:44am. 1004 Views, 1 Comments.
Understanding the process of writing an offer and having that offer accepted is a very important part of the home buying process. There is no binding agreement for the purchase until the contract is drawn up, agreed to and signed by all parties. Most home buyers when they start the process are excited about finding the right home, having their Realtor® prepare the offer and getting it in front of the sellers for signatures. Until all signatures are in place there is no agreement. (Anything expected or agreed to in the purchase of a home should be clear and in writing)
Once the buyers and sellers have signed the agreement it becomes legally binding on all parties with both parties having specific performances and deadlines which need to be met.
What is…