Easily Replace Required Fields in the Offer To Purchase Real Estate

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How to Replace Required Fields in the Offer To Purchase Real Estate

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so heres a nice condo in los angeles i scroll down to the private remarks and it says here sale is subject to and contingent upon sellers home of choice so what does that mean that means that the owner of this particular unit wants to find their next place where theyre gonna move to purchase it and then you can purchase his condo so a lot of the times agents dont even show this type of property because its almost like they have to sell to different properties they have to number one sell the property that this seller is going to purchase and then number two they got to enter into escrow on this particular property and then sell that one so a lot of times agents just skip right over this one just because its too much of a headache so if you want top dollar for your property dont make your home contingent upon this the purchase of your next property [Music]

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What are the 4 essential elements of a contract in real estate?

Essential Elements of a Real Estate Contract The identity of the buyer and of the seller. A sufficient description of the real property to be sold. The sale price, or consideration to be paid for the real property by the buyer. The amount of any earnest money deposit to be paid by the buyer.

Which of the following is a legally required element of a valid and enforceable real estate contract quizlet?

Which of the following is a legally-required element of a valid and enforceable real estate contract? A contract must contain a two-way exchange of valuable consideration as compensation for performance by the other party.

What element is always required for a real estate contract to be valid?

The contract must be in writing and there must be an offer and an acceptance of said offer. In order for a real estate contract to be enforceable by law, it is required to be in writing.

Can a seller change their mind after accepting an offer?

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.

Which of the following is a legally required element of a valid and enforceable real estate contract?

The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

What is an essential element of a legally enforceable contract?

Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract.

Is a legally required element of a valid and enforceable real estate?

Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.

Can you put offers in different properties?

There is no law against making offers on more multiple houses. However, as a seller, this can put you in a difficult position, since you can never be sure if the buyer you have accepted an offer from or are considering is as serious as you are about your property.

What are the requirements of a valid and enforceable real estate contract?

First, it must include a valid home purchase agreement in writing. Second, the contract must contain an offer from the buyer and an acceptance from the seller. Third, the purpose of the contract must be legal. Finally, it must include an exchange of things that have value, like money for property.

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