front 1 purchase agreement | back 1 An agreement that is also known as the deposit receipt |
front 2 deposit receipt | back 2 Contract that acts as the receipt for earnest money given by the
buyers to |
front 3 escrow instructions | back 3 The written directions, signed by buyers and sellers, detailing the
procedures |
front 4 consideration | back 4 A buyers’ deposit in the form of cash, a personal check, cashier’s
check, |
front 5 contingencies | back 5 Statements that define the terms of an agreement and give the other
party |
front 6 early move-in | back 6 A clause that allows the buyers to take possession of the property
prior to |
front 7 counteroffer | back 7 An offer made in return by one who rejects an unsatisfactory offer |
front 8 bilateral contract | back 8 An agreement stating that each person promises to perform an act in
|
front 9 easement | back 9 is like giving someone else the right to use or access a part of your property for a specific purpose, even though you still own the property |
front 10 proration | back 10 process of distributing or dividing the expenses or income
|
front 11 all-cash transaction | back 11 purchase where the buyer pays for the entire cost of the property upfront, without relying on financing or a mortgage. |