Tag: contracts

Real Estate Term of The Day: Recap of the “C” Terms

February 11, 2012

CAP CERTIFICATE OF OCCUPANCY CLEAR TITLE CLOSING CLOSING AGENT CLOSING COST CLOSING DATE CLOSING STATEMENT CLOUD ON THE TITLE CLUSTER HOUSING CODE OF ETHICS COMMISSION COMMITMENT LETTER COMMON AREAS COMMUNITY ASSOCIATION CO-MORTGAGOR COMPARABLE SALES COMPARATIVE MARKET ANALYSIS CONCESSIONS CONDITIONS CONDITIONAL OFFER CONDITIONS, COVENANTS & RESTRICTIONS CONDOMINIUM CONFORMING LOAN CONTRACT FOR PURCHASE CONVENTIONAL LOAN CONVEYANCE COUNTEROFFER … More Real Estate Term of The Day: Recap of the “C” Terms

Real Estate Term of the Day: Counteroffer

February 4, 2012

Real Estate Term of the Day: Counteroffer COUNTEROFFER – rejection of an offer to buy or sell, with a simultaneous substitute offer (Barron’s Dictionary of Real Estate Terms) I’ve submitted my offer to the seller, now what? If the seller signs your initial offer before the Acceptance Deadline, the offer becomes a firm contract for … More Real Estate Term of the Day: Counteroffer

Real Estate Term of the Day: Contract for Purchase

February 1, 2012

Real Estate Term of the Day: Contract for Purchase CONTRACT FOR PURCHASE – an agreement between competent parties to do or not to do certain things for a consideration (Barron’s Dictionary of Real Estate Terms) Also known as a: contract, contract of sale, agreement of sale, purchase contract, purchase agreement The contract for purchase will … More Real Estate Term of the Day: Contract for Purchase

Real Estate Term of the Day: Conditional Offer

January 28, 2012

Real Estate Term of the Day: Conditional Offer CONDITIONAL OFFER (aka: Contingency Offer) – purchase contract tendered to the seller that stipulates one or more requirement to be satisfied before the purchaser is obligated to buy (Barron’s Dictionary of Real Estate Terms) The most common form of contingency offer is referred to an offer that … More Real Estate Term of the Day: Conditional Offer