subjects: Dead Serious ABout Buying - 08/02/08 06:28 PM
Some people wrongly believe that there is no binding contract unless a deposit is paid when an offer is made. This is untrue. The three main requirements for a contract are offer, acceptance, and consideration. Consideration is something done or promised to be done by a party in return for something done or promised to be done by another party. In a contract of purchase and sale there is an exchange of promises. The seller promises to transfer title to the property to the buyer and the buyer promises to pay the purchase price to the seller. The exchange of promises … (0 comments)

 

Kye Grace

Vancouver, BC

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Sutton Group - West Coast Realty

Address: 205 - 2607 East 49th Ave, Vancouver, BC, V5Z 1C7

Office: (604) 257-8888

Mobile: (604) 376-7817



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