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28 Νοε 2012 · An offer of $20,500 compared to an offer of $20,000 is best using the plain meaning doctrine of contract law. You are tying, by using the word HIGHEST, to imply that no offer above $20,000 could ever be considered BEST.
22 Ιουν 2022 · What does ‘best and final’ offer mean? A request for a buyer’s “best and final” offer means the seller wants to move fast and is not interested in prolonged negotiations.
25 Νοε 2024 · In a fast-paced, competitive market, having an escalation clause as part of your offer on a house can benefit the homebuyer and seller alike. But it does come with some downsides, so it’s...
8 Αυγ 2022 · Your purchase offer, if accepted as it stands, will become a binding sales contract—also known as a purchase agreement, an earnest money agreement or a deposit receipt.
A real estate contract is a legally binding document between two or more parties participating in a purchase and sale, exchange, or transfer of real estate. It outlines the expectations of the homebuyer and seller.
29 Αυγ 2015 · The essence of a real estate contract is offer and acceptance. The requirement of offer and acceptance applies to each of the major elements of the transaction, which typically include identity of the property and price.
30 Ιαν 2024 · What Does Highest And Best Offer In Real Estate Mean? A highest and best offer request is usually made when a seller has received multiple offers on their home and asks all prospective buyers to submit their most attractive bids within a specific time limit.