Offer to Purchase/Purchase & Sale (P&S) Agreements

When you find your property, the real estate agent will provide an Offer to Purchase form for you to write your offer. The agent will present the offer to the seller. If the seller rejects the offer, the agent will assist you in negotiating the offer. A check for $500 - $1000 will be expected when you submit the offer. If your offer is not accepted, your check will be returned.

Your offer should contain contingencies, allowing you to inspect the property for structural integrity, environmental defects, pest contamination, and condominium documents review. It also contains a clause to let you out of the purchase if you cannot acquire a mortgage. There are deadlines outlined in the Offer to Purchase that must be strictly adhered to or you could lose your right to purchase the property. If your offer is accepted, the seller’s agent or attorney will draft a Purchase and Sale Agreement for your review and signature.