What To Remember When Entering into a Real Estate Contract?
In this video, Buffalo Real Estate Lawyer Richard H. Cole explains what you need to remember before entering into a real estate contract. If you are considering purchasing or selling real estate, contact our experienced real estate attorneys to learn what you need to remember when entering into a real estate contract. We welcome the opportunity to assist you.
- 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.