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In any real estate contract for sale there must be what?

User Abierto
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Answer:

Hi goodmorning, In any real estate contract for sale, there must be an offer and acceptance. The offer is a proposal made by the buyer to purchase the property at a certain price, and the acceptance is the seller's agreement to sell the property at that price.

If you would like to learn more, here are the following explanation:

Other key elements that must be included in a real estate contract for sale are:

  • The names of the parties involved, including the buyer and seller
  • A description of the property being sold, including its location and any relevant details
  • The purchase price
  • Any contingencies or conditions that must be met before the sale can be completed
  • The closing date, or the date on which the sale is expected to be finalized
  • Any provisions for financing, such as a mortgage or other loan
User Bhspencer
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