The Matus Law Group
The Matus Law Group
Feb 19, 2021
Finally! After all the searching you have found the perfect home. Now, the next step is making an offer on it. But because an offer on real estate cannot be verbal, for an offer to be legal, it must be submitted in writing. This can be done by your real estate agent or your New Jersey real estate lawyer. What Information Must a New Jersey Real Estate Offer Include? Your real estate offer will typically be drawn up by your real estate agent using the New Jersey Realtors® Standard Form of Real Estate Sales Contract. This form can also serve as your final real estate purchase agreement. The contract should include the terms of your offer, including the price you are offering, your deposit amount, a potential closing date, what things you would like conveyed with the home, and any other contingencies you would like included. What Must The Purchase Agreement Also Include? Once the seller accepts your offer, it becomes your purchase agreement, and you have three business days to allow your New Jersey real estate attorney time to review its terms. During this time, either party can cancel the contract. To read more, check out the complete blog post: https://matuslaw.com/is-a-real-estate-purchase-agreement-the-same-as-an-offer/