Selling a Home: Offer to Purchase
July 23rd, 2014 by SNJ
When selling a home, sellers normally receive an offer to purchase from a purchaser which sets out the terms of the agreement between the buyer and seller. The offer to purchase creates a binding agreement between the parties and therefore, if you have any questions about it, you should consult your lawyer prior to signing the offer to purchase. As an alternative, you may make it a condition that the Offer to Purchase is subject to your lawyer’s review and approval as to form and content, within a reasonable time period. In this regard, you should consult with your lawyer to ensure that you do not bind your lawyer to a time frame which they are unable to meet due to illness, vacation or other reasons.
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