looking for homes, finally you found your home; the next step is to make an
offer to buy (purchase agreement). Real state offer shall be in writing.
Once your offer has been presented or received by the seller, seller may
accept, reject or counter your offer. If seller counters your offer, further
negotiation will be needed it, until hopefully both parties reach an
agreement. There is a binding contract, once there is an acceptance and
purchase agreement had been signed by both, buyer and seller. At this point,
the next step is to consummate the deal by carrying out the terms of the
purchase agreement and closing the transaction accordingly.
California, once there is a binding contract, real estate agent will proceed
to open escrow and inform buyer's lender of acceptance.
is an offer to buy?
A preliminary agreement, secured by the payment of an earnest money deposit,
under which a buyer offers to purchase real estate or an agreement between
owner (seller/offeree) and purchaser (buyer/offeror) as to the price, terms,
conditions and date of occupancy. Usually prepared by a real estate agent or
terms to include in an offer to buy?
a real estate agent acts as a liaison between you and the seller to present
offers and counter offers, until an agreement is reached, thus, a real estate agent will facilitates and guide you through the complexity of
the real estate transaction and will make sure all parties involve in the
transaction carry out the agreed terms of purchase agreement.
have any question, do not hesitate to contact me, Mario Perez, 626-688-0114.