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Example 2: Day 1: A makes an offer to B. Day 2: B intends to reject the offer by putting a letter in the mail to A rejecting the offer. Day 3: B changes his mind and sends a fax to A accepting the offer. In this situation, whichever communication A receives first will govern. Example 3: Day 1: A makes an offer to sell a parcel of land to B.
A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...
A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [ 1 ] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the ...
counter offer Quite frequently this includes a match on salary with the new company and sometimes an increase in responsibility. In this situation, many things can go wrong for all involved.
Instead the place fell into foreclosure and Dyson purchased it himself on the auction block, and then flipped it for $265,000 to the man who had made the original offer.
For example, in some jurisdictions, a minimum requirement for sale of goods contracts is the following four terms: delivery date, price, terms of payment that includes the date of payment, and a detailed description of the item on offer including a fair description of the condition or type of service.
I’m a Real Estate Agent: ... consider the following 14 warning signs of real estate deals you should walk away from. ... For example, in California, some insurance companies are saying they will ...
A conditional sale is a real estate transaction where the parties have set conditions. [1] [2] A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property. As in a standard offer, a conditional offer sets out the terms of the sale such as the purchase price, the date of ...
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