Friday, December 7, 2007

Sample Contract Language

Attached is some sample contract language that helps buyers gain a bit more leverage when making an offer. I make no claims that this will stand up legally or please use at your own discretion....(I suggest you have your agent carefully look it over). Another twist on this theme is to have the offer expire within a certain time frame.

"Buyer is concurrently making offers to purchase other real property. This offer is only one of the offers being made by Buyer. Notwithstanding the submission of multiple offers, Buyer intends to only purchase one property at this time. Therefore, Buyer’s receipt of a duly signed acceptance of another offer before Buyer personally (not Buyer’s agent, if any) receives Seller’s written Acceptance of this offer, shall be deemed as a withdrawal of this offer and Buyer’s deposit will be returned to Buyer. In such event, Buyer will attempt to inform Seller of said withdrawal as soon as reasonably practicable."

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