Easily Replace Dropdown in the Offer To Purchase Real Estate

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How to Replace Dropdown in the Offer To Purchase Real Estate

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Thank you for coming to this weeks video blog. My name is Robert Rico here at California Realty Training. Hey, thanks for coming and visiting us today. Were going to bring some more great information for us, particularly of course in the real estate field. Hope youve been doing great. Listen, todays topic: How to Make a Good Offer. How to write a good offer. Do you want to be an agent? Youve got make sure youre familiar with this kind of stuff, huh? And youve got to make sure youre familiar how to write a good offer, especially if youre planning on concentrating with buyers because buyers want a realtor who know how to write good offers. And not just your typical offer, but a good offer. An offer thats going to get what? Thats right. Accepted. Right? Now this is how it works. As a real estate agent, youre going to hope to work with a lot of buyers in your real estate career. Now, in my career, Ive worked with tons of buyers. Of all the transactions Ive done, I would say a

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Who is typically the Optionor?

In an option contract, the seller is the optionor and the buyer is the optionee. It is a unilateral contract in that the seller is obligated to sell, but the buyer has the option to buy.

Can you change your mind after making an offer on a house?

Until both parties have come to an agreement on all the contract terms and actually signed the purchase agreement such that youre in contract, neither of you are legally bound to anything, and you can withdraw your offer without any problem.

Can you edit an offer to a house?

The good news is that you can change your offer before it has been given to the listing agent / sellers. Many buyers do, either because they changed their mind or strategy, or because they just got new information. What is key is circling back to your buyer agent quickly, before the email is sent.

Can a seller accept an offer and then back out?

Yes. A seller can back out of an accepted offer or before closing, as long as there are no specific clauses that state otherwise. That being said, whether or not a seller can back out of a contingent offer depends on the contract that was written and what is mentioned in it.

Is the Optionor the seller or buyer?

Purchase options involve income tax consequences for both the optionor (the person granting the option, usually the seller) and the optionee (the person acquiring the option, usually the buyer).

Is the buyer the Optionee?

An option to purchase real estate is a contract between the property owner and optionee (buyer).

Can a buyer lower price after offer?

Armed with an appraisal report that sets a lower value on the property than the accepted offer, the buyer can choose to either cough up the extra money at the closing, walk away from the deal and get their deposit back or renegotiate the price with the seller.

What is the difference between an optionor and an Optionee?

An option is a right that the owner of a real property (the optionor) gives to another person (the optionee) to buy certain property at a fixed price for a definitive duration. An option is an offer that binds the optionor to sell, but does not obligate the optionee to purchase.

Who is the Optionor in a contract?

The owner of the property (the optionor) gives a potential buyer (the optionee) the exclusive right to buy the property under certain terms during a specific time period.

How do you politely decline a lowball offer in real estate?

Dont respond immediately; instead, let them know youll get back to them. Then consider what tactic could work best. One approach is to simply say that youre willing to negotiate, but that you need to hear a serious starting offer.

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Replace Dropdown in the Offer To Purchase Real Estate