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[email protected]
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Untitled Document
The offer is the most important
part of real estate negotiations in the United States. All of the contractual
clauses that will take an offer to closing must be included within the offer
together with: the offering price, the mode of payment (with or without a
loan), and the time within which the closing shall be made. In addition,
all safeguard clauses have to be included. Clauses related to, for example,
the concession of a loan (a loan that is not made determines the end of contractual
terms), hidden costs that might emerge (related to eventual reconstruction
or refurbishing work determined by a technical inspection done after the
offer is made), to eventual change's of heart for various reasons (in this
case three working days are usually conceded by the seller after the offer
is accepted). At the time the offer is made, so is the deposit into the lawyers
escrow account (see
attorney at law)
If the seller accepts the
offer, and three days have passed in which the buyer has had the time to
think the deal over, the offer becomes hard and the advanced deposit becomes
confirmatory one.
Further information can
be provided upon request.
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