Contract in Form of Offer and Acceptance
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Overview of Free and Printable Real Estate Offer and Acceptance Form
One has to go through a lot of rules and regulation in order to buy a property. Real Estate Offer and Acceptance Form is basically a sale by an offer and accepting of the said offer. To buy a property usually a bid is presented using the Contract for Sale of Land or Strata Title by Offer and Acceptance Form commonly known as the O & A. This free and printable Real Estate Offer and Acceptance form can be found easily on the web for those who are interested in buying a property.
Contents of the Form:
Generally, this form consists of following points:
- Offer
Under this section, the buyer signs his name addressing the seller about his/her intention of buying his/her property.
- Covenants
This part of the form clearly states some amount of money deposited by the buyer to be applied to the full purchase price at the close of escrow. Next, buyers terms & conditions and rules are added to the whole deal regarding full payment, handing over property, being of legal age, taxes, insurance, a date is offered(by that time it has to be accepted), etc.
- Acceptance
Lastly, this form has space allotted for the seller to sign if he/she agrees upon all details presented by buyer along with everything else which is jotted down.
This free and printable Real Estate and Acceptance form vary from state to state. It is helpful in avoiding any legal dispute before or after a sale is made. These free and printable forms are mandatory as it helps both parties in their dealings as it explains buyer’s intentions as well as his/her terms and conditions.
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