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A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the jurisdiction in which the land is located.
AOL Real Estate Editors April 4, 2013, 10:30 AM Home Buyers Remorse Buying a house isn't like buying a $500 handbag. Having buyer's remorse? You can take that handbag back to the store. But if...
“We received a lead for a piece of property tied up in an estate over a family member who lived four states away,” David said. “We closed for approximately $15K, which is the price they asked for,...
The most fundamental principle of general contract law for any kinds of contracts, including real estate contracts, is that all of the parties must voluntarily agree to the contract at the time it is signed (or formed). This is true not only in the USA, but I'm sure the rest of the world too. H Padleckas 05:18, 18 January 2006 (UTC) [ reply]
After acceptance of a particular offer, a real estate contract is ratified by all parties. It usually creates a short interim period (typically no more than 30 days, often much less) to allow the buyer to thoroughly inspect the property (often with the assistance of a professional home inspector).
Apartment (American English) or Flat (British English) – An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story apartment buildings.
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