In negotiating the purchase of your new home, the initial step will be to instruct your broker to make an offer of purchase. This offer should be in writing and accompanied by a check (5-10% of the purchase price) to show "good faith." The offer should include:
If the offer is not acceptable, further negotiations are necessary to reach terms agreeable to both buyer and seller.
When buyer and seller agree on terms:
The sales contract should include, among other things, the following:
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