Replace Phone Field from the Offer To Purchase Real Estate

Aug 6th, 2022
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How to Replace Phone Field from the Offer To Purchase Real Estate

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if youre watching this video you are in need of guidance on how to submit an offer on a piece of property here in Georgia I appreciate you tapping in for this video If youre not getting this level of support and training that youre watching on this YouTube video I implore you to have a conversation with me about joining exp Realty because I do personal trainings like this for my team members on a very regular basis so you have the support of both the brokerage but on a granular level youll have your boy here in order to assist you with your first of many transactions as a Georgia real estate agent so one of the things I want to walk through with this particular video is that the information that were sharing on how to write an offer on a piece of property in Georgia is relative to single family homes only okay so for this training this is not a training on how to write a lease agreement this is not a training on how to write an agreement on a commercial piece of property this is f

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An offer on the house is legally binding if signed, and the buyer cannot withdraw it without informing the seller first. The seller can then decide whether or not he wants to accept it. The contract is binding, and once the buyer has agreed to buy, they cannot back out of it even if they find a better deal elsewhere.
A counteroffer can be rescinded (revoked) up until the time it has been accepted. The counteroffer may be signed by the buyer but if it is not been returned to the seller as assigned, the seller can resend the counteroffer.
While laws vary by state, in general, up until that contract is signed by both partieseven after counteroffers have been sent outall new offers can be considered and accepted. Once both parties have signed it, however, the seller is pretty much locked into the deal.
Can a seller pull out after accepting an offer? If there is an available contingency in the contract, the buyer cant secure funding, or there is fraud on the part of the buyer, the seller may usually cancel the contract. You may also cancel the sale during the attorney review period.
Key Takeaways. A counteroffer is the response given to an offer, meaning the original offer was rejected and replaced with another one. Counteroffers give the original offerer three options: accept it, reject it, or make another offer and continue negotiations.
Because a counteroffer serves as a rejection, it completely voids the original offer. Thus, the original offer can no longer be accepted.
Once the counter offer has been accepted, the buyer and seller then sign a contract. The buyer must secure financing, and the seller must complete any repairs stated in the agreement.
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.

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