What To Remember When Entering into a Real Estate Contract?

• Entering a contract as the purchaser means you are making an offer to purchase a piece of property.
• You’ll execute a real estate contract that sets a price and lists any contingencies to your offer and then present it to the seller as an offer.
• Once the seller gets that offer, they can reject it outright, accept your offer as-is – thereby creating a binding contract, or offer you a counter proposal. If the buyer accepts that counter proposal, it then becomes a binding contract.