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Real Estate Article
Making an offer.
Depending on local market conditions the price you offer may be different from the seller's
price.
You are usually required to
make a deposit. Your deposit shows good faith and will be applied against the purchase of the
home when the sale closes. You can arrange your
own financing or ask to assume the seller's mortgage, especially if it has an
attractive interest rate.
Some conditions in the offer
might be:
- subject to home inspection
- subject to
you obtaining financing
- subject to you selling your
property.
You may want to include appliances and
light fixtures or decorative items, such
as window coverings or mirrors.
Generally the closing or
possession date is the day the title of the property is legally transferred and the funds finalized.
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