agreeing on price, the buyer and seller must meet on terms as
well. As the buyer, you will want to make sure certain
contingencies are written into the contract to protect your
interests. The seller might have his own contingencies as well
that he might ask for in the contract. Along with contingencies,
in the offer to purchase contract, you’ll need to include:
you intend to finance the home,
How much down payment you’ll
Who pays certain closing costs
Terms of cancellation
What inspections are to be
completed, and who is to perform them.
Escrow timetable periods
do you take physical possession of the property, and how.
procedures to settle disputes should they occur.
complicated as it may sound, your agent will assist you through
this process and help you better understand the technicalities
and legalities of purchasing real estate.