| will need to fill out includes:
* Names of buyers and sellers
* Property address
* Purchase price
* Source of funds, and if the buyer is applying for a loan then a loan approval date and type of loan will often be included
* Closing date
* Earnest money
* Seller concessions (money the seller pays towards the buyer's closing costs)
* Any other conditions the buyer chooses to include (a common condition is "subject to appraisal" to make sure the purchase price is not more than the appraised value)
Once a buyer has completed the purchase contract, it should be delivered to the seller, at which time the seller can review and either accept the offer, reject it, or make a counter-offer. Wise sellers will always make a counter-offer, keeping the negotiation process alive, no matter |
