An agreement between a buyer and seller to purchase real estate. An offer to purchase, also known as a binder or a sales contract, secures the right to purchase real estate upon agreed terms for a limited period of time. If the buyer changes his mind or is unable to purchase, the earnest money that was paid is forfeited unless the binder expressly provides that it is to be refunded.
Offer to Purchase
HERE TO HELP. Apply for a mortgage loan online.Apply Now
Finally, a bank that’s honest and grows for the right reasons.
Jim P. – Longview, TX