Exclusive Buyer

+ + can be refused if the seller doesn’t accept the amount being offered; + + becomes void if the seller makes any changes, and becomes a counteroffer, which you can accept, refuse, or change. In this last instance, which is actually quite common during this process, an offer turns into a counteroffer, which can turn into another counteroffer, and on it goes back and forth until both parties are satisfied, or until the buyer moves on and/or the seller refuses to accept the buyer’s deal. The offer doesn’t actually become a contract until all parties agree to all terms, conditions, and changes in writing. So, now, what should be included in the drawn-up purchase offer? Here is a list of the most common items: + + Physical address of the property; + + Legal description of the property; + + Price and terms and conditions of the purchase; + + Seller’s promise to give clear title to buyer; + + Target closing date; + + Earnest deposit associated with the offer, as well as method of deposit; + + Disposition of earnest deposit if deal falls through or fails; + + Plans for adjusting taxes, fuel, and water bills between buyer/seller; + + Who will pay for title insurance, land survey, home inspections, etc.; + + The deed to be granted; + + State-mandated legal requirements;