Not a member yet?  Register for free and receive checklists and newsletters List your property for sale, read our seller tutorial, and use our online worksheets Read our complete homebuyer tutorial and use our online worksheets Search our database for homes currently for sale Contact us to ask questions, request information, or find out more about our services Take a look at related services that our partners offer
Login for complete access to our tutorials and your listings Return to Welcome Page Logout
Quick Search By Listing ID Resource Menu

Step 8:  Understand Purchase Contracts

Once you have found a home you like, you must negotiate with the seller to buy it. By law, all real estate contracts must be negotiated in writing.  Therefore, in order to ask a seller to sell a property, a buyer must submit a written offer.  This offer is called a purchase contract.

Purchase contracts vary by locale, but they usually contain similar elements. Some are much longer than others.  The contract is divided up into different parts or sections each dealing with a particular aspect of the offer.  The document below discusses elements that are common to most contracts.

back   next Footer
Terms of Service | Privacy Policy | Frequently Asked Questions | Site Map
Register | For Sellers | For Buyers | Search Homes | About Us | Contact Us | Home
©1999-2019    All rights reserved