The purchase and sale agreement includes many things, among them:

The type of financing you are seeking 
The price you are offering to pay 
The amount of your down payment 
The mortgage amount, including the maximum interest rate you're willing to pay 
The amount of earnest money 
A legal description of the property 
The closing date 
The occupancy date 
Personal property to be conveyed in the home 
Expiration date for your offer 

Your purchase and sale agreement may also include contingencies, requiring a specific action to take place before the contract goes into effect. Your REALTOR® will help you determine if contingencies are in order in your specific case; some common contingencies include home repairs, environmental concerns, home inspection and appraisals.

​Counter Offers

Your REALTOR® will advise you of the seller's response after you've made an offer. The seller may accept your offer, reject it, or make a counteroffer.

If your offer is rejected, you will need to decide if you can, and wish to, make a higher offer. If the seller makes a counteroffer, you will need to make the same determination. Can you afford the new price? Will you need additional mortgage financing? 

Other negotiations among the seller, yourself and your REALTOR® may also take place. Before making a counteroffer of your own, or agreeing to go ahead with the purchase, be sure to carefully examine every aspect of the counteroffer before you.

Home warranties

A home warranty may usually be purchased prior to closing, but paid for during the closing process. Occasionally warranties are provided by the seller or can be negotiated with the offer to purchase. Home warranties typically cover the mechanical components of your new home for a full year after purchase. The home warranty can help provide the comfort that you won't be facing bill expenses for heating, cooling, water heater replacement, etc. right after you move in. Ask your real estate professional about obtaining a home warranty and the full advantages.

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Francina Pavan
Broker Associate 
Cell 305.213.4228 
Luxury Real Estate Specialist 
Email: listingmiami@gmail.com
2126 Hollywood Blvd
Hollywood Fl 33020