The Real Estate Offer Form serves as the initial formal step in a property purchase transaction within the United States. This document is essential when a potential buyer wishes to present a formal offer to purchase real property. It includes critical elements such as purchase price, payment terms, contingencies, and proposed closing date. The form must comply with both federal and state-specific real estate laws and regulations, including the Fair Housing Act and RESPA. It serves as the foundation for subsequent negotiations and, when accepted, becomes the basis for the final purchase agreement.
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1. Property Details: Complete legal description and address of the property, including lot number, subdivision, county, and state
2. Purchase Price: Offered amount, payment terms, and method of payment including any financing contingencies
3. Earnest Money: Amount of earnest money deposit, where it will be held, and terms for its release or forfeiture
4. Closing Date: Proposed date for completing the transaction and transfer of ownership
5. Contingencies: Standard conditions including financing, inspection, appraisal, and sale of existing home contingencies
1. Financing Terms: Detailed description of proposed financing arrangements, including loan type, down payment, and interest rate expectations
2. Personal Property Inclusion: Specific list of furniture, fixtures, or equipment to be included in or excluded from the sale
3. Rent-back Agreement: Terms and conditions for seller's temporary occupancy after closing, including duration and rental amount
4. Home Warranty: Terms of any home warranty being requested or offered, including coverage and duration
1. Schedule A - Property Disclosure Statement: Seller's mandatory disclosure of property condition, known defects, and material issues
2. Schedule B - Property Inspection Report: Detailed report of property condition from professional inspection, if conducted
3. Schedule C - Property Survey: Recent survey showing property boundaries, easements, and encroachments
4. Schedule D - HOA Documents: Homeowners association rules, regulations, and financial documents if applicable
5. Schedule E - Lead-Based Paint Disclosure: Mandatory disclosure for properties built before 1978
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