From the course: Real Estate Contracts

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Accepting and signing to create a legally binding agreement

Accepting and signing to create a legally binding agreement

From the course: Real Estate Contracts

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Accepting and signing to create a legally binding agreement

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- [Narrator] The last three sections 28, 29 and 30 deal with acceptance and signatures. The buyer and seller acknowledge they have read and understood the agreement and that the parties will get copies of the signed contract. Include a date and time for the seller to accept. This simply dictates how long the seller has to accept your offer. You can cross out this line if the seller signs and commits to the contract during your initial offer presentation. In instances, when the seller refuses to sign the contract wants to talk it over with a spouse, insist upon a review by an attorney, or simply wants a day to think it over, give them a 24 hour window to accept and write in the appropriate date and time. The goal is to do your best to persuade the seller to sign without any additional time. Keep that window small so the seller doesn't shop your offer around. Nothing wrong with creating urgency. The final section is the…

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