List of Items to Include in a Purchase Offer for Point Breeze Homes for Sale
One of the last parts of the entire process of buying Point Breeze homes for sale in Pittsburgh is when the home buyer finally decides to make a purchase offer. Some clauses may vary depending on the state you’re in. You can ask your Realtor® if they have a pre-printed form you can simply fill out which they can, in turn, hand to the seller’s agent.
If you don’t have a pre-printed government approved form, together with your real estate agent and real estate lawyer, you will be preparing a purchase offer that contains the following information:
Buyer and Seller information - From full names to addresses to phone numbers, and email, identification of both parties are included in the offer. All owners appearing on the title of the property should be listed down.
Object of the Contract - This part specifies the details of the property. You indicate the complete address of the Point Breeze Pittsburgh home for sale, the legal description which can be found on the tax bill, the lot measurement, and more.
Price and Deposit - This section specifies the amount the buyer wishes to purchase the house for and the amount of the deposit or earnest money. While it’s not mandatory, the deposit is given together with the purchase offer to show the seller that the buyers are serious about the home.
Declarations and Obligations of the Buyer - In some forms, it’s in this part of the offer that buyer states when he or she visited the property and states that they are satisfied with the condition of the home. It also states that buyers assume fees and taxes, and undertakes the execution of the deed of sale. It can also include leasing contracts and a non-assignability clause which states that buyer may not sell or assign the property to another without prior written consent of the owner.
Declarations and Obligations of the Seller - This part of the offer states the deliverables of the seller such as providing the buyer with a valid title of ownership and other ownership documents. This is also where the best Realtor® in Point Breeze Pittsburgh PA will note of the the seller’s declarations of defects or irregularity of the house being sold.
Optional Conditions of the Purchase - This section of the document lists down all the conditions that may be applied with the purchase such as financing conditions, inspections, and more.
Conditions of Acceptance - The purchase offer has an expiration date and this is where the buyer will place the deadline of the seller’s acceptance of the offer. Once the seller accepts and signs it, this document becomes a legally binding contract between both parties. Otherwise, the offer becomes null and void.
Home buying can really be a long and challenging process. Fortunately, Realtors® can help lighten the stress off your back. Learn more about the process of becoming a homeowner by visiting http://www.SoldByConnie.net.
