A real estate offer to purchase is a binding contract that is used when two parties are negotiating the sale of a piece of property. This contract is used to outline the terms of the sale, including the purchase price, the down payment, the closing date, and any other special conditions that may be attached to the sale. This contract is usually created by the real estate agent representing the buyer and is then presented to the seller for approval. If the seller accepts the offer, the contract is then signed by both parties and the sale is considered binding.
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