acceptance The seller's written
approval of a buyer's offer.
addendum An addition or change
to a contract.
backup
offer A secondary bid for a property that the
seller will accept if the first offer fails.
contingency A condition
specified in a purchase contract, such as a satisfactory home
inspection.
contract to
purchase A contract the buyer initiates which
details the purchase price and conditions of the transaction and is accepted by
the seller. Also known as an agreement of sale.
2007
Premier Properties of Southwest Florida,
Inc. , REALTORS All Rights Reserved Disclaimers 4300 Gulf Shore Boulevard North . Naples, FL 34103 . (800) 523-3346
Information deemed reliable but not guaranteed.
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