it was just a matter of time before Massachusetts courts were faced with the question of whether and to what extent e-mails and texts can constitute a binding and enforceable agreement to purchase and sell real estate. In
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Earnest Money Deposit in an Offer to Purchase Real Estate After you have come up with an offer price, the next step is to determine how large a deposit you want to make with your offer. You want the "earnest money deposit" to be large enough to show the seller you are serious, but ...
Discusses various approaches that are used in considering unaccepted offers to purchase real estate as evidence of valuation in eminent domain proceedings. Primary dispute between a condemnor and the owner when real property is taken for a public purpose; Significance of unaccepted offers in ...
Other Terms in Your Real Estate Purchase Offer In addition to the enormous question of whether or not to write an As Is offer, there are many other terms written into the contract paperwork as well as others that you can insert that may help or hinder your offer’s o...
It also offers rights holders a competitive advantage by granting them an exclusive chance to purchase or lease the asset without competing bids. 4. Can a Right of First Offer apply to business partnerships?Yes, in business partnerships, a ROFO can ensure that existing partners have the first ...
Once you’ve found the perfect home, you’re now ready to begin the process of filling out an Offer to Purchase form. Though your real estate agent is a trained negotiator, it’s still important to understand the process enough to ensure that you write and develop a contract that wins. ...
Step 1: Enlist Professionals to Draft the Document Instruct your real estate agent or a real estate attorney to write a counteroffer on astate-specific, legal counteroffer document. An attorney or agent can make suggestions and advise you on how to negotiate the terms of a purchase offer whil...
Your real estate agent will be able to give you advice on what contingencies to include in the purchase agreement. Here is what a standard purchase agreement should include: Property address Offered purchase price Amount of down payment Mortgage contingency provision – Allows you to be released ...
an offer will be made if a specific condition is met. Conditional offers are used inreal estatetransactions when a buyer’s offer on a home is contingent on something getting done for the purchase to go through. In other words, something has to occur before a sales transaction is finalized...