After determining a price, the contract will be written. This contract will be explained in full detail to the prospective buyer. All concerns related to the properties purchase should be addressed before the contract is written. (Such as: Association fees, Restrictions for the community, etc…) Once the purchase contract is signed by the buyer the offer is then presented to the seller of the property. The seller of the property will either except or counter the original offer. This process will take place until both parties come to an agreement.
The contract becomes valid after both buyer and seller sign.