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Real estate
Characteristics of a real estate contract
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[QUOTE="Augusta, post: 283138, member: 25283"] Just like any contract to be contracted by people, there are attributes or characteristics that must be present to make a transaction a recognised contract..Same is applicable with a real estate contracr. Before concluding about a real estate contract the following factors must be present. Presence of a buyer and a seller in a good real estate contract there must be a prospective buyer which is the demanding party and a prospective seller which might be an agent or the owner of the real estate. Another characteristics is that for real estate contract to be recognised both seller and buyer must be interested in a transaction at the same time The next one is that the real estate in question must meet the desire and satisfaction of the buyer. Another attribute to be present in any real estate contract is that both the buyer and seller must agree on undisputed and negotiated price.. What do you think? [/QUOTE]
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